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Patriot Bonus Tax Credit Act of 2020

USA116th CongressHR-6629| House 
| Updated: 4/28/2020
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Cosponsors (1)
Scott Perry (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Patriot Bonus Tax Credit Act of 2020 This bill allows employers a employment tax credit for qualified bonuses paid to their employees after March 12, 2020, and before January 1, 2021. The credit is equal to 50% of such bonuses paid in a calendar quarter taking into account not more than $25,000 for any employee for all calendar quarters. The bill defines qualified bonus as wages paid to an employee that include overtime or hazardous pay, supplemental payments made for the convenience of the employer, payments to retain staff at essential facilities, or other payments made to employees due to extraordinary businesses and economic conditions.
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Timeline
Apr 28, 2020
Introduced in House
Apr 28, 2020
Referred to the House Committee on Ways and Means.
  • April 28, 2020
    Introduced in House


  • April 28, 2020
    Referred to the House Committee on Ways and Means.

Taxation

AppropriationsDisability assistanceEmployment taxesGovernment trust fundsIncome tax creditsSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings

Patriot Bonus Tax Credit Act of 2020

USA116th CongressHR-6629| House 
| Updated: 4/28/2020
Patriot Bonus Tax Credit Act of 2020 This bill allows employers a employment tax credit for qualified bonuses paid to their employees after March 12, 2020, and before January 1, 2021. The credit is equal to 50% of such bonuses paid in a calendar quarter taking into account not more than $25,000 for any employee for all calendar quarters. The bill defines qualified bonus as wages paid to an employee that include overtime or hazardous pay, supplemental payments made for the convenience of the employer, payments to retain staff at essential facilities, or other payments made to employees due to extraordinary businesses and economic conditions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 28, 2020
Introduced in House
Apr 28, 2020
Referred to the House Committee on Ways and Means.
  • April 28, 2020
    Introduced in House


  • April 28, 2020
    Referred to the House Committee on Ways and Means.
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Cosponsors (1)
Scott Perry (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsDisability assistanceEmployment taxesGovernment trust fundsIncome tax creditsSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings