US Rail Workers: H.R. 5475 Tax Relief Plan & Overtime Pay

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Introduction

The Brotherhood of Locomotive Engineers and Trainmen and the Teamsters Rail Conference are supporting H.R. 5475, the “No Tax on Overtime for All Workers Act,” which was introduced on September 18 by U.S. Rep. Nicole Malliotakis (R-N.Y.). The bill aims to provide tax exemptions on overtime pay for workers under the Railway Labor Act.

Bill Overview

H.R. 5475, if passed, would allow rail workers to deduct up to $25,000 of overtime pay from their annual income for tax purposes.

Legislative Action

The bill was introduced on September 18 and subsequently referred to the House Committee on Ways and Means.

Advocacy Efforts

Representatives are currently engaging with U.S. senators to encourage the introduction of a companion bill in the Senate.

Action Plan

An action plan is being developed to enable members to contact their representatives in support of H.R. 5475.

Conclusion

The Brotherhood of Locomotive Engineers and Trainmen and the Teamsters Rail Conference are actively promoting H.R. 5475, which seeks to exempt up to $25,000 of overtime pay from taxation for rail workers. The bill is currently under consideration by the House Committee on Ways and Means, with advocacy efforts ongoing to garner support in the Senate.

Company Summary

Brotherhood of Locomotive Engineers and Trainmen: An organization supporting the passage of H.R. 5475.

Teamsters Rail Conference: A group advocating for the passage of H.R. 5475.

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