To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes.

Hozzl · 2025-01-21T09:20:17Z

Explore the details of House Bill 560 To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

1/21/2025, 9:20 AM

Summary of Bill HR 560

Bill 119 HR 560, also known as the "Secondary Employment Tax Relief Act," aims to make changes to the Internal Revenue Code of 1986. The main goal of this bill is to exclude compensation from secondary employment for certain taxpayers from both income tax and payroll taxes.

The bill specifically targets individuals who have a primary job but also work a secondary job to supplement their income. By excluding the compensation from this secondary employment from income tax and payroll taxes, the bill aims to provide relief to these individuals and reduce the financial burden they face from working multiple jobs.

If passed, this bill would provide much-needed tax relief to individuals who rely on secondary employment to make ends meet. It would also potentially incentivize individuals to seek out additional work opportunities without the fear of facing higher taxes on their earnings. Overall, the Secondary Employment Tax Relief Act seeks to provide financial relief to certain taxpayers and make it easier for individuals to earn additional income without being penalized through higher taxes.

Current Status of Bill HR 560

Bill HR 560 is currently in the status of Bill Introduced since January 20, 2025. Bill HR 560 was introduced during Congress 119 and was introduced to the House on January 20, 2025. Bill HR 560's most recent activity was Referred to the House Committee on Ways and Means. as of January 20, 2025

Bipartisan Support of Bill HR 560

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 560

Primary Policy Focus

Alternate Title(s) of Bill HR 560

To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes.To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes.

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Comments

Sponsors and Cosponsors of HR 560

Don Bacon

Nebraska(Republican)

Latest Bills

To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes.

Summary of Bill HR 560

Current Status of Bill HR 560

Bipartisan Support of Bill HR 560

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 560

Primary Policy Focus

Alternate Title(s) of Bill HR 560

Comments

Sponsors and Cosponsors of HR 560

Don Bacon

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