Helping Small Businesses Reopen Safely Act of 2020

Hozzl · 2022-02-08T23:16:47Z

Explore the details of House Bill 7431 Helping Small Businesses Reopen Safely Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/8/2022, 11:16 PM

Congressional Summary of HR 7431

Helping Small Businesses Reopen Safely Act of 2020

This bill allows certain small business employers, tax-exempt organizations, and governmental employers a payroll tax credit for 90% of the cost of providing eligible personal protective equipment for the benefit of their employees and customers. The bill defines eligible personal protective equipment to include masks or face coverings, hand sanitizers, surface cleaners, or other items for reducing the spread of infectious diseases.

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Current Status of Bill HR 7431

Bill HR 7431 is currently in the status of Bill Introduced since June 30, 2020. Bill HR 7431 was introduced during Congress 116 and was introduced to the House on June 30, 2020. Bill HR 7431's most recent activity was Referred to the House Committee on Ways and Means. as of June 30, 2020

Bipartisan Support of Bill HR 7431

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7431

Primary Policy Focus

Taxation

Potential Impact Areas

AppropriationsDisability assistanceEmployment taxesGovernment employee pay, benefits, personnel managementGovernment trust fundsHealth technology, devices, suppliesInfectious and parasitic diseasesSmall businessSocial security and elderly assistanceTax-exempt organizationsWorker safety and health

Alternate Title(s) of Bill HR 7431

Helping Small Businesses Reopen Safely Act of 2020To provide a payroll tax credit for personal protective equipment for use by employees and customers.Helping Small Businesses Reopen Safely Act of 2020

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