To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HA58F9F0A0C634D75BE4C77A023F130FF: 1. Short title This Act may be cited as the Keep Every Extra Penny Act of 2025.
- Section H4D671AF7ACFF4733ABC597F21CCC4545: 2. Exclusion of overtime compensation from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting...
- Section H6553409216FB45F78BF9D4A3CA2663BD: 139J. Overtime compensation Gross income shall not include overtime compensation required under section 7 of the Fair Labor Standards Act of 1938.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Fulcher (for himself and Mr. Rulli) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology