A bill to amend the Internal Revenue Code of 1986 to provide additional recovery rebates to individuals.
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.
Motion to reconsider laid on the table Agreed to without objection.
Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 581.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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