119-S1046
No Tax On Overtime Act of 2025
Last action was on 3-13-2025
SenateCurrent status is Read twice and referred to the Committee on Finance.
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119th CONGRESS
1st Session
S. 1046
1. Short title2. Exclusion of overtime compensation from gross income1. 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:
(c) Effective date - The amendments made by this section shall apply to amounts received after the date of the enactment of this Act.