Senate Bill 3516
116th Congress(2019-2020)
Emergency Family Relief Act of 2020
Introduced
Introduced
Introduced in Senate on Mar 18, 2020
Overview
Text
Introduced
Mar 18, 2020
Latest Action
Mar 18, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3516
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Missouri
No Senate votes have been held for this bill.
Summary

Emergency Family Relief Act of 2020

This bill allows a new refundable tax credit for emergency family relief payments in response to COVID-19 (i.e., the coronavirus disease 2019).

Specifically, the Department of the Treasury must establish a program for making emergency family relief credit payments on a monthly basis for the period prior to January 1, 2021, without respect to tax liability, for taxpayers with dependent children equal to $1,288 for a two-person household, $1,446 for a three-person household, and $1,786 for a four-person household. For households larger that four persons, the credit amount is $1,786, plus $420 for each additional household member. These credits amounts are phased out for a taxpayer with a modified adjusted gross income exceeding $50,000 ($100,000 for a joint return).

Text (1)
March 18, 2020
Actions (2)
03/18/2020
Read twice and referred to the Committee on Finance.
03/18/2020
Introduced in Senate
Public Record
Created
Mar 19, 2020 4:27:11 AM
Updated
Feb 1, 2021 10:22:35 PM