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House Bill 5012
115th Congress(2017-2018)
Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018
Introduced
Introduced
Introduced in House on Feb 14, 2018
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Introduced in House 
Feb 14, 2018
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Introduced in House(Feb 14, 2018)
Feb 14, 2018
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 5012 (Introduced-in-House)


115th CONGRESS
2d Session
H. R. 5012


To provide further tax relief for Americans receiving bonuses.

IN THE HOUSE OF REPRESENTATIVES

February 14, 2018

Mr. Rokita (for himself, Mr. Marino, and Mr. Babin) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide further tax relief for Americans receiving bonuses.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Creating Real and Useful Middle-Class Benefits and Savings (CRUMBS) Act of 2018”.

SEC. 2. Tax relief for bonuses.

(a) In general.—In the case of a taxable year beginning after December 31, 2017, and before January 1, 2019—

(1) If an employee receives a bonus, amounts not to exceed a total of $2,500 annually of bonus income shall not be considered taxable earnings for the purposes of the employee’s Federal tax liabilities.

(b) Definitions.—For purposes of this paragraph—

(1) BONUS.—The term “bonus” means wages paid in addition to the compensation ordinarily given, required, optioned, or obligated under an employment contract.