Sec. 80604. Termination of employee retention credit for employers subject to closure due to COVID–19
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/bill/117/hr/3684/eas/section-80604·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3134 of the Internal Revenue Code of 1986 is amended— in subsection (c)(5)— in subparagraph (A), by adding and at the end, in subparagraph (B), by striking , and at the end and inserting a period, and by striking subparagraph (C), and in subsection (n), by striking January 1, 2022 and inserting October 1, 2021 (or, in the case of wages paid by an eligible employer which is a recovery startup business, January 1, 2022) . The amendments made by this section shall apply to calendar quarters beginning after September 30, 2021.