S. 3521 · 116th Congress
Coronavirus Economic Stimulus Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
CottonSponsorNo cosponsors.
This bill allows individual taxpayers a refundable tax credit, based upon their 2018 tax liability, for $1,000 ($2,000 for joint returns) and $500 for each dependent. The credit is not available to taxpayers whose adjusted gross income exceeds $100,000 ($200,000 for joint returns) for the taxable year.
What it does: CRS summary · Introduced in Senate · Mar 18, 2020
Coronavirus Economic Stimulus Act
This bill allows individual taxpayers a refundable tax credit, based upon their 2018 tax liability, for $1,000 ($2,000 for joint returns) and $500 for each dependent. The credit is not available to taxpayers whose adjusted gross income exceeds $100,000 ($200,000 for joint returns) for the taxable year. The bill directs the Department of the Treasury to make payments to taxpayers as rapidly as possible.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Coronavirus Economic Stimulus Act
Latest action (Mar 18, 2020): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Mar 18, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.