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H.R. 8938

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
About This Bill
Committee
Latest Action · July 8, 2024
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
July 8, 2024
Cosponsors (6)
0D 6R
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Summary

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Keep Every Extra Penny Act of 2024 This bill excludes from gross income, for income tax purposes, overtime compensation required to be paid by the Fair Labor Standards Act of 1938 (hours of work in excess of 40 in a week).

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