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Keep Every Extra Penny Act of 2024
Taxation
house
senate
president
Introduced on July 8, 2024 by
Russell Fulcher
Cosponsors
Legislation Details
Play by Play
Last updated 10/7/2024
Amends the Internal Revenue Code of 1986.
Excludes overtime compensation from gross income for income tax purposes.
Specifically applies to overtime compensation required under the Fair Labor Standards Act of 1938.
The exclusion is applicable to amounts received after the enactment of the legislation.