House Bill 5012
115th Congress(2017-2018)
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
Introduced
Introduced in House on Feb 14, 2018
Origin Chamber
House
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
5012
Congress
115
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.
No House votes have been held for this bill.
Summary
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
This bill excludes up to $2,500 of bonus income received by an employee in 2018 from being considered taxable earnings for the purpose of determining an employee's federal tax liability. The bill defines a "bonus" as wages paid in addition to the compensation ordinarily given, required, optioned, or obligated under an employment contract.
February 14, 2018
02/14/2018
Referred to the House Committee on Ways and Means.
02/14/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:40:33 PM