HR 6629
116th Congress
House
Taxation
Appropriations
Disability assistance
Employment taxes
Government trust funds
Income tax credits
Social security and elderly assistance
Tax administration and collection, taxpayers
Wages and earnings
Patriot Bonus Tax Credit Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2020
Referred to the House Committee on Ways and Means.
Apr 28, 2020
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1