3.0.0 3521 2022-02-08T23:54:52Z 2022-02-08T23:54:52Z Senate S 2020-03-18 116 ssfi00 Finance Committee Senate Standing Referred to 2020-03-18T20:39:08Z 2020-03-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-03-18 Introduced in Senate IntroReferral 10000 9 Library of Congress C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR N Taxation Income tax credits Tax administration and collection, taxpayers Taxation 00 2020-03-18 Introduced in Senate 2020-04-09T16:44:29Z Coronavirus Economic Stimulus Act

This bill allows individual taxpayers a refundable tax credit, based upon their 2018 tax liability, for $1,000 ($2,000 for joint returns) and $500 for each dependent. The credit is not available to taxpayers whose adjusted gross income exceeds $100,000 ($200,000 for joint returns) for the taxable year. The bill directs the Department of the Treasury to make payments to taxpayers as rapidly as possible.

]]> Coronavirus Economic Stimulus Act Display Title Coronavirus Economic Stimulus Act Short Title(s) as Introduced Coronavirus Economic Stimulus Act Introduced in Senate IS Official Title as Introduced A bill to provide assistance through tax rebates, certain Federal assistance programs, and business loans, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-03-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3521is/xml/BILLS-116s3521is.xml 2020-03-18 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.