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S. 1046

U.S. Senate•In Senate Committee

Summary

S. 1046, the No Tax On Overtime Act of 2025, was introduced in the Senate on Mar 13, 2025 by Sen. Josh Hawley (R). It was referred to Finance, and last saw action on Mar 13, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 1046 has no co-sponsors and has not gone to a roll call.

sb1046/introduced-in-senate.txt
119 S1046 IS: No Tax On Overtime Act of 2025
 U.S. Senate
 2025-03-13
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1046  IN THE SENATE OF THE UNITED STATES   March 13, 2025   Mr. Hawley  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
1.
Short title
This Act may be cited as the   No Tax On Overtime Act of 2025  .
2.
Exclusion of overtime compensation from gross income
(a)
In general
Part III of subchapter B of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section:
139J.
Overtime compensation
Gross income shall not include overtime compensation required under section 7 of the Fair Labor Standards Act of 1938.
 .
(b)
Clerical amendment
The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139I the following new item:
Sec. 139J. Overtime compensation.
  .
(c)
Effective date
The amendments made by this section shall apply to amounts received after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-03-13
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in Senate Mar 13, 2025

sb1046/introduced-in-senate.md

Shown Here:
Introduced in Senate (03/13/2025)

Sponsors

Sen. Josh Hawley (R) sponsors S. 1046 alone.

Josh Hawley

Sen. · R–MO · Sponsor

Committees

S. 1046 went before 1 committee: Finance.

Finance
Finance
Referred To · Mar 13, 2025 · 902 Bills

Actions

S. 1046 has taken 2 actions since Mar 13, 2025.

ChamberAction
Mar 13, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Mar 13, 2025
—
Introduced in Senate

Votes

S. 1046 has not gone to a roll call.

1 bill is related to S. 1046.

Titles

S. 1046 goes by 3 titles, 1 of them short titles.

  • A bill to amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax. — Official Title as Introduced
  • No Tax On Overtime Act of 2025 — Display Title
  • No Tax On Overtime Act of 2025 — Short Title(s) as Introduced

Classification

The Congressional Research Service files S. 1046 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1046’s is Taxation.

s1046/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com