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HR 6337 116th Congress House Taxation Emergency medical services and trauma care Employee leave Government information and archives Health information and medical records Income tax credits Infectious and parasitic diseases Tax-exempt organizations Wages and earnings

Epidemic Tax Credit Act of 2020

Introduced: March 23, 2020 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2020
Referred to the House Committee on Ways and Means.
Mar 23, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Epidemic Tax Credit Act of 2020

This bill allows a new tax credit in 2020 to private or tax-exempt employers for 90% of wages paid to their employees who are either on leave or not performing substantial work because their workplace is located in an area that has been designated as an epidemic area by the Centers for Disease Control and Prevention. The amount of wages for each employee in any calendar week that may be taken into account for purposes of the credidt is limited to $2,000 and the maximum leave period for an employer may not exceed eight weeks. .

What's happening now March 23, 2020

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1