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HR 5666

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To amend the Internal Revenue Code of 1986 to increase the earned income tax credit to taxpayers who exceed 40 hours of wage work per week.

Sponsor: Nydia M. Velazquez (D) NY

Status: Active

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Summary:

3/31/2008--Introduced.Overtime Restoration Act of 2008 - Amends the Internal Revenue Code to increase the earned income tax credit by a weekly overtime bonus for each week a taxpayer receives earned income for more than 40 hours of work.

Text of Legislation:
Text of Legislation not available.

Subject Name:

Taxation

Earned income tax credit

Hours of labor

Income tax

Labor

Welfare

All Actions:

Actions Date

Action Text

3/31/2008

Referred to the House Committee on Ways and Means.

Titles:

Overtime Restoration Act of 2008

To amend the Internal Revenue Code of 1986 to increase the earned income tax credit to taxpayers who exceed 40 hours of wage work per week.

Committee:

'House Ways and Means'

Referral, In Committee

Related Bill Details:

Related bills not available.

Amendments

Amendments not available.

Sponsor

Nydia M. Velazquez (D) NY

Co-sponsors

Edolphus Towns (D) NY

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