| Bill | S 3521 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 116 |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
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.
Bill Title
Coronavirus Economic Stimulus Act
Linked Goals
Steps
- 2020-03-18: Read twice and referred to the Committee on Finance.
- 2020-03-18: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.