S 536
117th Congress
Senate
Taxation
Income tax credits
Tax administration and collection, taxpayers
Wages and earnings
Blue Collar Bonus Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2021
Read twice and referred to the Committee on Finance.
Mar 2, 2021
Introduced in Senate
Plain-English summary
Blue Collar Bonus Act of 2021
This bill allows a refundable income tax credit to supplement wages received by an individual taxpayer that are less than the median wage. The bill defines median wage as $16.50 per hour, increased by annual inflation adjustments beginning after 2021. The bill also provides for advance payments of the credit.
The bill requires taxpayers to provide their Social Security account numbers on their tax returns to be eligible for the credit. The credit expires after 2023.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1