S 3542
116th Congress
Senate
Taxation
Income tax credits
Poverty and welfare assistance
Tax treatment of families
Wages and earnings
COVID-19 Earned Income Act
Introduced: March 19, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2020
Read twice and referred to the Committee on Finance.
Mar 19, 2020
Introduced in Senate
Plain-English summary
COVID-19 Earned Income Act
This bill sets forth a special rule for determining the amount of the earned income tax credit and the refundable portion of the child tax credit. Specifically, the bill allows a taxpayer to use the earned income of the preceding taxable year in computing such credits if such income is greater than the income for the current taxable year (i..e., 2020).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1