Second Job Tax Relief Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8194 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8194 To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 1, 2024 Mr. Bacon introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Second Job Tax Relief Act of 2024''. SEC. 2. EXCLUSION OF COMPENSATION FOR CERTAIN SECONDARY EMPLOYMENT FROM INCOME AND PAYROLL TAX. (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…