Only the right has signed this so far (Bill Ranking)
H.R. 405 · 119th Congress (2025-2026)
2 members · Left 0 · Center 0 · Right 2 (Bill Ranking)
| Sponsor | Rep. Fulcher, Russ (R-ID) (Introduced 01/15/2025) |
|---|---|
| Sponsor Voting Record | Right · DW-NOMINATE +0.64 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 2 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Ways and Means Committee |
| Latest Action | 01/15/2025 Referred to the House Committee on Ways and Means. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in House (01/15/2025)
Keep Every Extra Penny Act of 2025
This bill excludes from gross income for federal income tax purposes overtime compensation paid for hours worked in excess of 40 hours per week (as required by the Fair Labor Standards Act of 1938). Under current law, overtime compensation paid to a taxpayer is included in gross income for purposes of calculating federal income taxes.
119 HR 405 IH: Keep Every Extra Penny Act of 2025 U.S. House of Representatives 2025-01-15 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. I119th CONGRESS1st SessionH. R. 405IN THE HOUSE OF REPRESENTATIVESJanuary 15, 2025Mr. Fulcher (for himself and Mr. Rulli) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.1.Short titleThis Act may be cited as the Keep Every Extra Penny Act of 2025.2.Exclusion of overtime compensation from gross income(a)In generalPart 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 compensationGross income shall not include overtime compensation required under section 7 of the Fair Labor Standards Act of 1938..(b)Clerical amendmentThe 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 dateThe amendments made by this section shall apply to amounts received after the date of the enactment of this Act.
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 01/15/2025 | Library of Congress | Introduced in House |
| 01/15/2025 | Library of Congress | Introduced in House |
| 01/15/2025 | House floor actions | Referred to the House Committee on Ways and Means. |
| Title Type | Title |
|---|---|
| Display Title | Keep Every Extra Penny Act of 2025 |
| Official Title as Introduced | To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax. |
| Short Title(s) as Introduced | Keep Every Extra Penny Act of 2025 |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| House - Ways and Means Committee | 01/15/2025 Referred To |
Policy Area: Taxation
No legislative subjects have been assigned yet.
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.