Overtime Wages Tax Relief Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1606 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1606 To amend the Internal Revenue Code of 1986 to establish a deduction for certain overtime payments. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 6, 2025 Mr. Marshall (for himself, Mr. Tuberville, Mr. Ricketts, and Mr. Justice) 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 establish a deduction for certain overtime payments. 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 ``Overtime Wages Tax Relief Act''. SEC. 2. DEDUCTION FOR OVERTIME COMPENSATION. (a) In General.-- (1) Deduction allowed.--Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 224 as section 225 and by inserting after section 223 the following new se…