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Employee Retention Tax Credit Reinstatement Act
12/29/2022, 9:18 PM
Congressional Summary of S 3625
Employee Retention Tax Credit Reinstatement Act
This bill provides for a reinstatement of the employee retention tax credit through 2021. The credit was established to compensate employers whose businesses were negatively impacted by the COVID-19 pandemic for wages paid to their employees.
Read the Full Bill
Current Status of Bill S 3625
Bill S 3625 is currently in the status of Bill Introduced since February 10, 2022. Bill S 3625 was introduced during Congress 117 and was introduced to the Senate on February 10, 2022. Bill S 3625's most recent activity was Read twice and referred to the Committee on Finance. as of February 10, 2022
Bipartisan Support of Bill S 3625
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
13Democrat Cosponsors
8Republican Cosponsors
4Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 3625
Primary Policy Focus
TaxationPotential Impact Areas
- Cardiovascular and respiratory health
- Emergency medical services and trauma care
- Employment taxes
- Infectious and parasitic diseases
- Wages and earnings
Alternate Title(s) of Bill S 3625
Employee Retention Tax Credit Reinstatement Act
Employee Retention Tax Credit Reinstatement Act
A bill to amend the Internal Revenue Code of 1986 to temporarily reinstate the employee retention credit for employers subject to closure due to COVID-19.
Comments
Sponsors and Cosponsors of S 3625
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