3.0.089382024-10-05T08:05:52Z2024-10-05T08:05:52ZHouseHHR2024-07-08118[Congressional Record Volume 170, Number 112 (Monday, July 8, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FULCHER:H.R. 8938.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 provides Congress with thepower to `lay and collect Taxes, Duties, Imposts and Excises'in order to `provide for the general Welfare of the UnitedStates.The single subject of this legislation is:To amend the Internal Revenue Code of 1986 to excludeovertime compensation from gross income for purposes ofincome tax.[Page H4477]]]>hswm00Ways and Means CommitteeHouseStandingReferred to2024-07-08T16:00:25Z2024-07-08Referred to the House Committee on Ways and Means.IntroReferralH111002House floor actionshswm00Ways and Means Committee2024-07-08Introduced in HouseIntroReferralIntro-H9Library of Congress2024-07-08Introduced in HouseIntroReferral10009Library of CongressF000469Rep. Fulcher, Russ [R-ID-1]RussFulcherRID1NG000558Rep. Guthrie, Brett [R-KY-2]BrettGuthrieRKY22024-07-10FalseH001077Rep. Higgins, Clay [R-LA-3]ClayHigginsRLA32024-07-11FalseB000825Rep. Boebert, Lauren [R-CO-3]LaurenBoebertRCO32024-07-11FalseD000615Rep. Duncan, Jeff [R-SC-3]JeffDuncanRSC32024-07-11FalseV000135Rep. Van Orden, Derrick [R-WI-3]DerrickVan OrdenRWI32024-07-22FalseR000619Rep. Rulli, Michael A. [R-OH-6]MichaelRulliROHA.62024-10-04FalseTaxationTaxation2024-08-21T17:16:50Z002024-07-08Introduced in House2024-09-05T21:25:30ZKeep Every Extra Penny Act of 2024
This bill excludes from gross income, for income tax purposes, overtime compensation required to be paid by the Fair Labor Standards Act of 1938 (hours of work in excess of 40 in a week).
]]>Keep Every Extra Penny Act of 2024Display Title45Keep Every Extra Penny Act of 20242024-08-14T03:38:16ZShort Title(s) as Introduced101Keep Every Extra Penny Act of 20242024-08-14T03:38:15ZIntroduced in HouseIHOfficial Title as Introduced6To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.2024-08-14T03:33:19ZIntroduced in HouseIHIntroduced in House2024-07-08T04:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-118hr8938ih/xml/BILLS-118hr8938ih.xml2024-07-08Referred to the House Committee on Ways and Means.text/xmlENPursuant 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 CongressThis 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.