Patriot Bonus Tax Credit Act of 2020
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Patriot Bonus Tax Credit Act of 2020
This bill allows employers a employment tax credit for qualified bonuses paid to their employees after March 12, 2020, and before January 1, 2021. The credit is equal to 50% of such bonuses paid in a calendar quarter taking into account not more than $25,000 for any employee for all calendar quarters.
The bill defines qualified bonus as wages paid to an employee that include overtime or hazardous pay, supplemental payments made for the convenience of the employer, payments to retain staff at essential facilities, or other payments made to employees due to extraordinary businesses and economic conditions.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6629: Patriot Bonus Tax Credit Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6629/
"H.R. 6629: Patriot Bonus Tax Credit Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6629/.
H.R. 6629, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6629/.
[H.R. 6629: Patriot Bonus Tax Credit Act of 2020](https://openamerica.io/bill/116-HR-6629/)