The bill would exclude overtime compensation required under the Fair Labor Standards Act from gross income for income tax purposes. The change would apply to amounts received after enactment. The bill was referred to the House Committee on Ways and Means.
If enacted, people receiving qualifying overtime compensation would not include that pay in gross income for income tax purposes. The bill does not describe other changes to tax rules.
No publicly available information about the bill’s fiscal effects.
No publicly available information.
No publicly available information.