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Reservist Pay Equity Act of 2020
2/9/2022, 12:55 AM
Congressional Summary of HR 6280
Reservist Pay Equity Act of 2020
This bill increases the rate of the differential wage payment tax credit from 20% to 50% and requires that the maximum dollar amount of such credit be adjusted for inflation after 2021. The credit is allowed to employers for their employees who are active duty members of the uniformed services.
Read the Full Bill
Current Status of Bill HR 6280
Bill HR 6280 is currently in the status of Bill Introduced since March 13, 2020. Bill HR 6280 was introduced during Congress 116 and was introduced to the House on March 13, 2020. Bill HR 6280's most recent activity was Referred to the House Committee on Ways and Means. as of March 13, 2020
Bipartisan Support of Bill HR 6280
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6280
Primary Policy Focus
TaxationPotential Impact Areas
- Income tax credits
- Inflation and prices
- Military personnel and dependents
- Wages and earnings
Alternate Title(s) of Bill HR 6280
Reservist Pay Equity Act of 2020
To amend the Internal Revenue Code of 1986 to increase the differential wage payment credit.
Reservist Pay Equity Act of 2020
Comments
Sponsors and Cosponsors of HR 6280
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