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Emergency Direct Payments Act

USA116th CongressS-5063| Senate 
| Updated: 12/18/2020
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Emergency Direct Payments Act This bill provides an additional recovery rebate (i.e., refundable tax credits) beginning in 2020 to individual taxpayers whose adjusted gross income does not exceed $75,000 ($150,000 for joint return filers). The increased amount is $1,200 per taxpayer ($2,400 for joint return filers) and $500 for each dependent of the taxpayer. To be eligible for the increased rebate amount, a taxpayer must provide a valid identification number (i.e., Social Security account number). The bill allows an exemption from the identification requirement for members of the Armed Forces if at least one military spouse provides a valid identification number. It also provides for a qualified exemption for the recovery rebate from garnishments and other offsets. The Department of the Treasury must conduct a public awareness campaign regarding the availability of the recovery rebate.
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Timeline
Dec 18, 2020
Introduced in Senate
Dec 18, 2020
Read twice and referred to the Committee on Finance.
  • December 18, 2020
    Introduced in Senate


  • December 18, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • S 116-4800: The Heroes Act
  • HR 116-8406: Making emergency supplemental appropriations for the fiscal year ending September 30, 2021, and for other purposes.
  • S 116-4999: Emergency Direct Payments for Families and Workers Act of 2020
  • HR 116-925: The Heroes Act

Emergency Direct Payments Act

USA116th CongressS-5063| Senate 
| Updated: 12/18/2020
Emergency Direct Payments Act This bill provides an additional recovery rebate (i.e., refundable tax credits) beginning in 2020 to individual taxpayers whose adjusted gross income does not exceed $75,000 ($150,000 for joint return filers). The increased amount is $1,200 per taxpayer ($2,400 for joint return filers) and $500 for each dependent of the taxpayer. To be eligible for the increased rebate amount, a taxpayer must provide a valid identification number (i.e., Social Security account number). The bill allows an exemption from the identification requirement for members of the Armed Forces if at least one military spouse provides a valid identification number. It also provides for a qualified exemption for the recovery rebate from garnishments and other offsets. The Department of the Treasury must conduct a public awareness campaign regarding the availability of the recovery rebate.
View Full Text

Suggested Questions

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

Timeline
Dec 18, 2020
Introduced in Senate
Dec 18, 2020
Read twice and referred to the Committee on Finance.
  • December 18, 2020
    Introduced in Senate


  • December 18, 2020
    Read twice and referred to the Committee on Finance.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Finance Committee

Taxation

Related Bills

  • S 116-4800: The Heroes Act
  • HR 116-8406: Making emergency supplemental appropriations for the fiscal year ending September 30, 2021, and for other purposes.
  • S 116-4999: Emergency Direct Payments for Families and Workers Act of 2020
  • HR 116-925: The Heroes Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted