United States 118th Congress Status: In Committee 7 R cosponsors

HR 8938 — Keep Every Extra Penny Act of 2024

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill excludes overtime compensation from gross income for income tax purposes.

  • 26 U.S.C. 139J

    Gross income shall not include overtime compensation required under section 7 of the Fair Labor Standards Act of 1938.

    This creates a new section that specifically exempts overtime compensation from being counted as gross income.

  • 26 U.S.C. 139I

    Sec. 139J. Overtime compensation.

    This adds a new item to the table of sections for easier reference.

Action History

  1. Referred to the House Committee on Ways and Means.

  2. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 540 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (540)

540 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

taxation
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Frequently asked questions

What does HR 8938 do?
To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
Who sponsors HR 8938?
HR 8938 is sponsored by Fulcher, Russ (Republican), Guthrie, Brett (Republican), Higgins, Clay (Republican), Boebert, Lauren (Republican), Duncan, Jeff (Republican), Van Orden, Derrick (Republican), and Rulli, Michael A. (Republican).
What is the current status of HR 8938?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 8938?
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Last checked for changes 2 months ago · updated continuously

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