Helping Small Businesses Reopen Safely Act of 2020

House Bill 7431 - Helping Small Businesses Reopen Safely Act of 2020: Overview, Status, and Impact

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