US Congress House Bill 6776 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 18-8)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Increases the employer tax credit for the retention of employees and coordinates such credit with the Payroll Protection Program. Specifically, it increases the rate of the employee retention credit to 80% of up to $15,000 in employee wages per calendar quarter with an increased annual wage cap of $45,000 for all calendar quarters. The bill increases the maximum credit amount to $36,000. The bill expands the definition of large employer, for credit eligibility purposes, to include employers with more than 1,500 employees and more than $41.5 million in gross receipts in 2019, and requires employers to show a significant decline in gross receipts. It also extends eligibility for the credit to state governmental agencies and Indian tribal governments. The bill also coordinates the credit with the Paycheck Protection Program to allow employers to claim both programs subject to certain restrictions.

JOBS Credit Act of 2020 Jumpstarting Our Businesses’ Success Credit Act of 2020

Rep. Stephanie Murphy [D-FL]	Rep. John Katko [R-NY]	Rep. Suzan DelBene [D-WA]	Rep. Brian Fitzpatrick [R-PA]
Rep. Christopher Pappas [D-NH]	Rep. Peter King [R-NY]	Rep. Kathleen Rice [D-NY]	Rep. Anthony Gonzalez [R-OH]
Rep. Steven Horsford [D-NV]	Rep. Jaime Herrera Beutler [R-WA]	Rep. Derek Kilmer [D-WA]	Rep. John Curtis [R-UT]
Rep. Cindy Axne [D-IA]	Rep. Jenniffer Gonzalez-Colon [R-PR]	Rep. Kendra Horn [D-OK]	Rep. David Joyce [R-OH]
Rep. Ben McAdams [D-UT]	Rep. Ann Kuster [D-NH]	Rep. Josh Gottheimer [D-NJ]	Rep. Dean Phillips [D-MN]
Rep. Jimmy Panetta [D-CA]	Rep. Lucy McBath [D-GA]	Rep. Grace Napolitano [D-CA]	Rep. Xochitl Torres Small [D-NM]
Rep. Ed Case [D-HI]	Rep. Rebecca Sherrill [D-NJ]

Date	Chamber	Action
2020-05-08	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2020-05-08	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2020-05-08	House	Introduced in House

HB6800 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.
HB6781 (Related) 2020-05-08 - Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SB4268 (Related) 2020-07-22 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6776/all-info
Text	https://www.congress.gov/116/bills/hr6776/BILLS-116hr6776ih.pdf