Blue Collar Bonus Act of 2021
- Last Action
- 3/2/2021
Actions
- 2021-03-02Read twice and referred to the Committee on Finance.
- 2021-03-02Introduced in Senate
CRS Summary
As of 2021-03-02 (00)
Blue Collar Bonus Act of 2021
This bill allows a refundable income tax credit to supplement wages received by an individual taxpayer that are less than the median wage. The bill defines median wage as $16.50 per hour, increased by annual inflation adjustments beginning after 2021. The bill also provides for advance payments of the credit.
The bill requires taxpayers to provide their Social Security account numbers on their tax returns to be eligible for the credit. The credit expires after 2023.
Subjects
- Income tax credits
- Tax administration and collection, taxpayers
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.