,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #dje  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ae1        
#bjbe,mr4 ,fulcher 7for himself and ,mr4
 ,rulli7 introduced the following bill2 
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 exclude overtime compensation from     
gross income for purposes of the income 
tax4  #a4 ,short title ,this ,act may be
 cited as the ,keep ,every ,extra ,penny
 ,act of #bjbe4  #b4 ,exclusion of      
overtime compensation from gross income 
7a7 ,in general ,part ,,iii of          
subchapter ,b of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by inserting after section      
#aci;,i the following new section3      
#aci;,j4 ,overtime compensation ,gross  
income shall not include overtime       
compensation required under section #g  
of the ,fair ,labor ,standards ,act of  
#aich4  4  7b7 ,clerical amendment ,the 
table of sections for part ,,iii of     

subchapter ,b of chapter #a of such     
,code is amended by inserting after the 
item relating to section #aci;,i the    
following new item3  ,sec4 #aci;,j4     
,overtime compensation4  4  7c7         
,effective date ,the amendments made by 
this section shall apply to amounts     
received after the date of the enactment
 of this ,act4