This bill allows employers with not more than 2,000 full-time employees and certain tax-exempt organizations a payroll tax credit for 50% of their expenses for equipment, services, and training for preventing the transmission of the coronovirus (i.e., the virus that causes COVID-19). The bill limits the amount of such expenses that may be taken into account for purposes of calculating the credit and the period of applicability from February 1, 2020, and beginning before January 1, 2022.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
AppropriationsCardiovascular and respiratory healthDisability assistanceEmergency medical services and trauma careEmployment taxesGovernment trust fundsHealth technology, devices, suppliesInfectious and parasitic diseasesSocial security and elderly assistanceWorker safety and health
A bill to provide for a credit against employment taxes for certain workplace safety expenses, and for other purposes.
USA116th CongressS-4178| Senate
| Updated: 7/2/2020
This bill allows employers with not more than 2,000 full-time employees and certain tax-exempt organizations a payroll tax credit for 50% of their expenses for equipment, services, and training for preventing the transmission of the coronovirus (i.e., the virus that causes COVID-19). The bill limits the amount of such expenses that may be taken into account for purposes of calculating the credit and the period of applicability from February 1, 2020, and beginning before January 1, 2022.
AppropriationsCardiovascular and respiratory healthDisability assistanceEmergency medical services and trauma careEmployment taxesGovernment trust fundsHealth technology, devices, suppliesInfectious and parasitic diseasesSocial security and elderly assistanceWorker safety and health