Introduced:
Jul 23, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
0
Summaries
1
Subjects
1
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Latest Action
Jul 23, 2025
Referred to the House Committee on Ways and Means.
Actions (3)
Referred to the House Committee on Ways and Means.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jul 23, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jul 23, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jul 23, 2025
Subjects (1)
Taxation
(Policy Area)
Full Bill Text
Length: 2,345 characters
Version: Introduced in House
Version Date: Jul 23, 2025
Last Updated: Nov 14, 2025 6:16 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4740 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4740
To amend the Internal Revenue Code of 1986 to allow a deduction for
certain overtime compensation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 23, 2025
Mrs. Sykes 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 allow a deduction for
certain overtime compensation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 4740 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4740
To amend the Internal Revenue Code of 1986 to allow a deduction for
certain overtime compensation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 23, 2025
Mrs. Sykes 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 allow a deduction for
certain overtime compensation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``No Tax on Overtime for All Workers
Act''.
SEC. 2.
(a) In General.--
Section 225
(c) (1) of the Internal Revenue Code of
1986 is amended to read as follows:
``
(1) In general.
(c) (1) of the Internal Revenue Code of
1986 is amended to read as follows:
``
(1) In general.--For purposes of this section, the term
`qualified overtime compensation' means--
``
(A) any overtime compensation paid to an
individual required under
1986 is amended to read as follows:
``
(1) In general.--For purposes of this section, the term
`qualified overtime compensation' means--
``
(A) any overtime compensation paid to an
individual required under
section 7 of the Fair Labor
Standards Act of 1938 that is in excess of the regular
rate (as used in such section) at which such individual
is employed, or
``
(B) any compensation paid to an individual that
is in excess of the regular rate at which such
individual is employed if such compensation is paid--
``
(i) at a rate of not less than one and
one-half times such regular rate,
``
(ii) for work for a single employer that
is in excess of a standard number of hours of
such work for a specified period of time, and
``
(iii) as required by a collective
bargaining agreement, or an agreement between
such employer and employee, which--
``
(I) was entered into before the
performance of the work, and
``
(II) specifies that such standard
number of hours for a specified period
of time is not less than 40 hours for a
7-day work period.
Standards Act of 1938 that is in excess of the regular
rate (as used in such section) at which such individual
is employed, or
``
(B) any compensation paid to an individual that
is in excess of the regular rate at which such
individual is employed if such compensation is paid--
``
(i) at a rate of not less than one and
one-half times such regular rate,
``
(ii) for work for a single employer that
is in excess of a standard number of hours of
such work for a specified period of time, and
``
(iii) as required by a collective
bargaining agreement, or an agreement between
such employer and employee, which--
``
(I) was entered into before the
performance of the work, and
``
(II) specifies that such standard
number of hours for a specified period
of time is not less than 40 hours for a
7-day work period.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>
rate (as used in such section) at which such individual
is employed, or
``
(B) any compensation paid to an individual that
is in excess of the regular rate at which such
individual is employed if such compensation is paid--
``
(i) at a rate of not less than one and
one-half times such regular rate,
``
(ii) for work for a single employer that
is in excess of a standard number of hours of
such work for a specified period of time, and
``
(iii) as required by a collective
bargaining agreement, or an agreement between
such employer and employee, which--
``
(I) was entered into before the
performance of the work, and
``
(II) specifies that such standard
number of hours for a specified period
of time is not less than 40 hours for a
7-day work period.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>