US Congress Senate Bill 4999 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 10 2020 - 25% progression, died in committee
Action: 2020-12-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Allows individual taxpayers an additional 2020 recovery rebate in the form of a refundable income tax credit in the amount of $1,200 ($2,400 for joint returns). An additional $500 rebate is provided to each qualifying child of the taxpayer. A recovery rebate is a one-time stimulus payment made to eligible taxpayers in response to the COVID-19 (i.e., coronavirus disease 2019) public health emergency. The amount of the recovery rebate is reduced by a specified percentage of the amount an individual's adjusted gross income exceeds $75,000 ($150,000 for joint returns). Individual taxpayers and their children must have a valid identification number (i.e., Social Security account number) to claim a rebate. The Department of the Treasury must conduct a public awareness campaign to inform taxpayers of the availability of the rebate.

Emergency Direct Payments for Families and Workers Act of 2020

Sen. Josh Hawley [R-MO]

Date	Chamber	Action
2020-12-10	Senate	Read twice and referred to the Committee on Finance.

SB4318 (Related) 2020-07-27 - Read twice and referred to the Committee on Finance.
HB748 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4999/all-info
Text	https://www.congress.gov/116/bills/s4999/BILLS-116s4999is.pdf