US SB3516 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows a new refundable tax credit for emergency family relief payments in response to COVID-19 (i.e., the coronavirus disease 2019). Specifically, the Department of the Treasury must establish a program for making emergency family relief credit payments on a monthly basis for the period prior to January 1, 2021, without respect to tax liability, for taxpayers with dependent children equal to $1,288 for a two-person household, $1,446 for a three-person household, and $1,786 for a four-person household. For households larger that four persons, the credit amount is $1,786, plus $420 for each additional household member. These credits amounts are phased out for a taxpayer with a modified adjusted gross income exceeding $50,000 ($100,000 for a joint return).
Title
Emergency Family Relief Act of 2020
Sponsors
Sen. Josh Hawley [R-MO] |
History
Date | Chamber | Action |
---|---|---|
2020-03-18 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Cardiovascular and respiratory health
Child care and development
Economic performance and conditions
Elementary and secondary education
Emergency medical services and trauma care
Income tax credits
Infectious and parasitic diseases
Tax treatment of families
Taxation
Unemployment
Wages and earnings
Child care and development
Economic performance and conditions
Elementary and secondary education
Emergency medical services and trauma care
Income tax credits
Infectious and parasitic diseases
Tax treatment of families
Taxation
Unemployment
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3516/all-info |
Text | https://www.congress.gov/116/bills/s3516/BILLS-116s3516is.pdf |