Pipeline · Bill → Law
Step 1
Introduced
Jan 15, 2025
Step 2
Referred
Jan 15, 2025
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
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Timeline · 2 actions
Jan 15, 2025
Introduced in House
Jan 15, 2025
Referred to the House Committee on Ways and Means.