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S 3521 116th Congress Senate Taxation Income tax credits Tax administration and collection, taxpayers

Coronavirus Economic Stimulus Act

Introduced: March 18, 2020 Introduced by: Cotton, Tom Republican · Arkansas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2020
Read twice and referred to the Committee on Finance.
Mar 18, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now March 18, 2020

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1