S. 3542
Referred to CommitteeCOVID-19 Earned Income Act
Latest Action
Read twice and referred to the Committee on Finance.
3/19/2020 • Senate
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).
Introduced in Senate • 3/19/2020
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
Bill Journey
Originated in the Senate
Introduced
March 19, 2020
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law