119th Congress
H.R. 405
Keep Every Extra Penny Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Russ Fulcher(R-ID)
- Introduced
- Jan 15, 2025
- Policy area
- Taxation
- Committees
- House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (1)
Original cosponsors (1)
- Michael A. Rulli (R-OH)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
Keep Every Extra Penny Act of 2025
This bill excludes from gross income for federal income tax purposes overtime compensation paid for hours worked in excess of 40 hours per week (as required by the Fair Labor Standards Act of 1938). Under current law, overtime compensation paid to a taxpayer is included in gross income for purposes of calculating federal income taxes.
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 15, 2025 · House
Referred to the House Committee on Ways and Means. - Jan 15, 2025
Introduced in House