Essential Worker Tax Parity Act of 2021

Bill: 117-hr-2563
Sponsor: full_name: Rep. Bergman, Jack [R-MI-1]
Introduced: 2021-04-15
Policy area: Taxation
Subjects: Income tax exclusion

Unemployment

Wages and earnings
Latest action: action_date: 2021-04-15
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-04-15
action_desc: Introduced in House
text: <p><strong>Essential Worker Tax Parity Act of 2021</strong></p> <p>This bill excludes from the gross income of taxpayers whose adjusted gross income is less than $150,000 up to $10,200 of wages and self employment income earned in taxable years beginning in 2020.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 2563 IN THE HOUSE OF REPRESENTATIVES April 15, 2021 Mr. Bergman (for himself and Mrs. Hinson ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To exclude from gross income $10,200 in wages or net earnings of certain taxpayers for taxable year 2020.

1. Short title This Act may be cited as the Essential Worker Tax Parity Act of 2021 . 2. Certain income not includible in gross income (a) Special exclusion from gross income for 2020 Notwithstanding any other provision of law, for purposes of the Internal Revenue Code of 1986, in the case of any taxable year beginning in 2020, if the adjusted gross income of the taxpayer for such taxable year is less than $150,000 (determined without regard to this subsection), the gross income of such taxpayer shall not include so much of the wages (determined under section 3401(a) of such Code) or net earnings from self-employment (as defined in section 1402(a) of such Code) of the taxpayer (or, in the case of a joint return, of each spouse) as does not exceed $10,200. (b) Denial of double benefit The amount of the exclusion allowable under subsection (a) shall be reduced by the amount of the exclusion allowed under section 85(c) of the Internal Revenue Code of 1986 (relating to suspension of tax on portion of unemployment compensation).