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- S.3542
S.3542: COVID-19 Earned Income Act
About This Bill
- Introduced March 19, 2020
- Latest Major Action March 19, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 19, 2020
Bill 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).
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 19, 2020 |
Read twice and referred to the Committee on Finance.
|
March 19, 2020 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |