US SB3542 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 19 2020 - 25% progression, died in committee
Action: 2020-03-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 19 2020 - 25% progression, died in committee
Action: 2020-03-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Sets forth a special rule for determining the amount of the earned income tax credit and the refundable portion of the child tax credit. Specifically, the bill allows a taxpayer to use the earned income of the preceding taxable year in computing such credits if such income is greater than the income for the current taxable year (i..e., 2020).
Title
COVID-19 Earned Income Act
Sponsors
| Sen. Sherrod Brown [D-OH] | Sen. Bill Cassidy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-19 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6762 (Same As) 2020-05-08 - Referred to the House Committee on Ways and Means.
HB8440 (Related) 2020-09-29 - Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB8440 (Related) 2020-09-29 - Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3542/all-info |
| Text | https://www.congress.gov/116/bills/s3542/BILLS-116s3542is.pdf |
