S 551
117th Congress
Senate
Taxation
Cardiovascular and respiratory health
Emergency medical services and trauma care
Employment taxes
Infectious and parasitic diseases
Small business
Wages and earnings
Recovery Startup Assistance Act
Introduced: March 2, 2021
Introduced by:
Hassan, Margaret Wood
Democratic
· New Hampshire
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 2, 2021
Read twice and referred to the Committee on Finance.
Mar 2, 2021
Introduced in Senate
Plain-English summary
Recovery Startup Assistance Act
This bill expands the employee retention tax credit to include recovery startup businesses. The bill defines recovery startup business as any employer that began a trade or business after February 15, 2020, had less than 50 full-time employees, and did not have gross receipts in excess of $25,000 in the preceding five-year period.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1