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H.R. 6776 116th Congress House

JOBS Credit Act of 2020

Official title: To provide for improvements related to the employee retention tax credit.

Introduced: May 12, 2020 See on congress.gov
Taxation Cardiovascular and respiratory healthEmergency medical services and trauma careEmployee benefits and pensionsGovernment employee pay, benefits, personnel management
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Health care costs and insuranceIncome tax creditsInfectious and parasitic diseasesSmall businessState and local government operationsTax-exempt organizationsWages and earnings
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 8, 2020
Introduced in House
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 Latest action May 8, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Jumpstarting Our Businesses' Success Credit Act of 2020 or the JOBS Credit Act of 2020

This bill increases the employer tax credit for the retention of employees and coordinates such credit with the Payroll Protection Program. Specifically, it increases the rate of the employee retention credit to 80% of up to $15,000 in employee wages per calendar quarter with an increased annual wage cap of $45,000 for all calendar quarters. The bill increases the maximum credit amount to $36,000.

The bill expands the definition of large employer, for credit eligibility purposes, to include employers with more than 1,500 employees and more than $41.5 million in gross receipts in 2019, and requires employers to show a significant decline in gross receipts. It also extends eligibility for the credit to state governmental agencies and Indian tribal governments.

The bill also coordinates the credit with the Paycheck Protection Program to allow employers to claim both programs subject to certain restrictions.

 Related & companion bills 3
  • HR 6800 The Heroes Act
  • HR 6781 Paycheck Protection Program Improved Coordination Act of 2020
  • S 4268 Employer Assistance Coordination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 16
All 16 Democratic 7 Republican 3
D
Case, Ed
Hawaii · Aug 22, 2020
 D
Gottheimer, Josh
New Jersey · Jul 2, 2020
 R
Joyce, David P.
Ohio · Jul 2, 2020
 D
McBath, Lucy
Georgia · Jul 2, 2020
 D
Panetta, Jimmy
California · Jul 2, 2020
Axne, Cynthia
· May 15, 2020
 R
Curtis, John R.
Utah · May 15, 2020
Gonzalez, Anthony
· May 12, 2020
Herrera Beutler, Jaime
· May 12, 2020
 D
Horsford, Steven
Nevada · May 12, 2020
KING, PETER
· May 12, 2020
Rice, Kathleen
· May 12, 2020
 D
DelBene, Suzan K.
Washington · May 8, 2020
 R
Fitzpatrick, Brian K.
Pennsylvania · May 8, 2020
Katko, John
· May 8, 2020
 D
Pappas, Chris
New Hampshire · May 8, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6776: JOBS Credit Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6776/
MLA
"H.R. 6776: JOBS Credit Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6776/.
Bluebook (legal)
H.R. 6776, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6776/.
Markdown link
[H.R. 6776: JOBS Credit Act of 2020](https://openamerica.io/bill/116-HR-6776/)
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