US SB4381 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on July 30 2020 - 25% progression, died in committee
Action: 2020-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2020 - 25% progression, died in committee
Action: 2020-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows individual taxpayers an additional 2020 recovery rebate in the amount of $1,000 ($2,000 for joint returns), plus $1,000 for each dependent of the taxpayer. The amount of such rebate is phased out for taxpayers whose adjusted gross income exceeds $75,000 ($150,000 for joint returns). A recovery rebate is a stimulus payment for taxpayers and their dependents who are adversely affected by COVID-19 (i.e., coronavirus disease 2019).
Title
Coronavirus Assistance for American Families Act
Sponsors
Sen. Bill Cassidy [R-LA] | Sen. Steve Daines [R-MT] | Sen. Mitt Romney [R-UT] | Sen. Marco Rubio [R-FL] |
Sen. Martha McSally [R-AZ] |
History
Date | Chamber | Action |
---|---|---|
2020-07-30 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB8893 (Related) 2020-12-08 - Referred to the House Committee on Ways and Means.
Subjects
Cardiovascular and respiratory health
Economic performance and conditions
Emergency medical services and trauma care
Government information and archives
Income tax credits
Infectious and parasitic diseases
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
Economic performance and conditions
Emergency medical services and trauma care
Government information and archives
Income tax credits
Infectious and parasitic diseases
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4381/all-info |
Text | https://www.congress.gov/116/bills/s4381/BILLS-116s4381is.pdf |