Bill Sponsor
Senate Bill 4999
116th Congress(2019-2020)
Emergency Direct Payments for Families and Workers Act of 2020
Introduced
Introduced
Introduced in Senate on Dec 10, 2020
Overview
Text
Introduced
Dec 10, 2020
Latest Action
Dec 10, 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
4999
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
Republican
Missouri
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Emergency Direct Payments for Families and Workers Act of 2020

This bill allows individual taxpayers an additional 2020 recovery rebate in the form of a refundable income tax credit in the amount of $1,200 ($2,400 for joint returns). An additional $500 rebate is provided to each qualifying child of the taxpayer. A recovery rebate is a one-time stimulus payment made to eligible taxpayers in response to the COVID-19 (i.e., coronavirus disease 2019) public health emergency.

The amount of the recovery rebate is reduced by a specified percentage of the amount an individual's adjusted gross income exceeds $75,000 ($150,000 for joint returns).

Individual taxpayers and their children must have a valid identification number (i.e., Social Security account number) to claim a rebate.

The Department of the Treasury must conduct a public awareness campaign to inform taxpayers of the availability of the rebate.

Text (1)
December 10, 2020
Actions (2)
12/10/2020
Read twice and referred to the Committee on Finance.
12/10/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:43:48 PM