Tax Relief for Bridge Tolls Act of 2020

Hozzl · 2022-02-08T23:15:13Z

Explore the details of House Bill 6122 Tax Relief for Bridge Tolls Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/8/2022, 11:15 PM

Congressional Summary of HR 6122

Tax Relief for Bridge Tolls Act of 2020

This bill allows individual taxpayers an income-based tax credit for amounts paid for bridge tolls. It provides for a 50% credit for toll amounts exceeding $1,000 in a taxable year, but disqualifies a toll that is less than $11.00 in regular peak hours.

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Current Status of Bill HR 6122

Bill HR 6122 is currently in the status of Bill Introduced since March 5, 2020. Bill HR 6122 was introduced during Congress 116 and was introduced to the House on March 5, 2020. Bill HR 6122's most recent activity was Referred to the House Committee on Ways and Means. as of March 5, 2020

Bipartisan Support of Bill HR 6122

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 6122

Primary Policy Focus

Taxation

Potential Impact Areas

Income tax creditsRoads and highwaysState and local taxationTransportation costsUser charges and fees

Alternate Title(s) of Bill HR 6122

Tax Relief for Bridge Tolls Act of 2020To amend the Internal Revenue Code of 1986 to allow a credit against tax for bridge tolls.Tax Relief for Bridge Tolls Act of 2020

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