No Tax on Overtime for All Workers Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill aims to change how overtime pay is treated for tax purposes. It proposes to allow workers to deduct certain overtime compensation on their tax returns, specifically overtime paid to employees who meet specific criteria outlined in the Fair Labor Standards Act. The bill clarifies the definition of ‘qualified overtime compensation’ and establishes a date for when the changes will take effect.
Key provisions
- Allows a deduction for certain overtime compensation.
- Defines ‘qualified overtime compensation’ under the Fair Labor Standards Act.
- Specifies criteria for overtime compensation to qualify for the deduction.
- Includes provisions for both hourly and non-hourly employees.
- Addresses overtime compensation for railway workers.
Who is affected
- Employees
- Taxpayers
- Employers
Notable changes
- Expands the definition of eligible overtime compensation.
- Creates a new deduction for overtime pay.
Fiscal impact
The bill could potentially impact federal tax revenues by allowing taxpayers to deduct overtime compensation.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
55 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours