How the HEROES Act Would Impact Pharmacists and Techs
Legislation has been introduced in Washington, D.C. that could affect pharmacists and pharmacy technicians as the COVID-19 battle continues.
The Helping Emergency Responders Overcome Emergency Situations (HEROES) Act of 2020, introduced by Rep. Bill Huizenga (R-Mich.), would create a tax holiday for health professionals and first responders who continue to serve during the COVID-19 pandemic. This includes pharmacists and pharmacy technicians.
The legislation would provide a four-month federal income tax holiday for workers on the front lines of the pandemic.
That means workers wouldn’t have to pay any federal income tax from February 15 to June 15, 2020 for those who make up to $50,000 annually. For those who make more than $50,000, they would be required to pay federal income tax on the difference between their gross annual salary and $50,000. U.S. Treasury Secretary Steve Mnuchin would also have the option of extending the measure three months until September 15.
“The HEROES Act provides a way for the federal government to say thank you for the courage, dedication, and care given by these individuals in the face of the unprecedented threat posed by the coronavirus,” Huizenga said in a press release.
The bill was referred to the House Committee on Ways and Means where it would have to pass the committee, then the full U.S. House and Senate before President Trump could sign it into law.