,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #ffbi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #bh1 #bjbj,mr4 ,huiz5ga introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to provide a payroll tax cr$it to employ]s = employee bonuses4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,patriot ,bonus ,tax ,cr$it ,act ( #bjbj4 #b4 ,payroll tax cr$it to employ]s = employee bonuses 7a7 ,9 g5]al ,9 ! case ( an employ]1 !re %all be all[$ z a cr$it aga9/ applicable employm5t taxes = ea* cal5d> qu>t] an am\nt equal to #ej p]c5t ( ! qualifi$ bonuses ) respect to ea* employee ( su* employ] = su* cal5d> qu>t]4 7b7 ,limitations & refundability 7#a7 ,bonuses tak5 into acc\nt ,! am\nt ( qualifi$ bonuses ) respect to any employee :i* may be tak5 into acc\nt "u subsection 7a7 by ! employ] = all cal5d> qu>t]s %all n exce$ #be1jjj4 7#b7 ,cr$it limit$ to employm5t taxes ,! cr$it all[$ by subsection 7a7 ) respect to any cal5d> qu>t] %all n exce$ ! applicable employm5t taxes 7r$uc$ by any cr$its all[$ "u subsections 7e7 & 7f7 ( section #caaa ( ! ,int]nal ,rev5ue ,code ( #aihf1 sections #gjja & #gjjc ( ! ,families ,fir/ ,coronavirus ,response ,act1 & section #bcja ( ! ,,c>es ,act7 on ! wages paid ) respect to ! employm5t ( all ! employees ( ! employ] = su* cal5d> qu>t]4 7#c7 ,refundability ( excess cr$it 7,a7 ,9 g5]al ,if ! am\nt ( ! cr$it "u subsection 7a7 exce$s ! limitation ( p>agraph 7#b7 = any cal5d> qu>t]1 su* excess %all be treat$ z an ov]paym5t t %all be refund$ "u sections #fdjb7;a7 & #fdac7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,b7 ,treatm5t ( paym5ts ,= purposes ( section #acbd ( title #ca1 ,unit$ ,/ates ,code1 any am\nts due to ! employ] "u ?is p>agraph %all be treat$ 9 ! same mann] z a refund due f a cr$it provision ref]r$ to 9 subsection 7b77#b7 ( su* section4 7c7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,applicable employm5t taxes ,! t]m applicable employm5t taxes means ! foll[+3 7,a7 ,! taxes impos$ "u section #caaa7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,b7 ,s mu* ( ! taxes impos$ "u section #cbba7;a7 ( su* ,code z are attributable to ! rate 9 effect "u section #caaa7;a7 ( su* ,code4 7#b7 ,qualifi$ bonus ,! t]m qualifi$ bonus means any wages paid by an employ] to an employee = any p]iod ) respect to a p]iod = :i* su* employee is provid+ s]vices to su* employ]4 ,su* t]m %all n include any wages except to ! ext5t t su* wages are 9 excess ( ! wages :i* w\ld ord9>ily be paid to su* employee4 ,wages n ord9>ily paid to an employee include am\nts paid by ! employ] 9 excess ( ! necess>y & cu/om>y am\nts paid to ! employee "u normal bus9ess circum/ances4 ,su* am\nts include1 b are n limit$ to1 extraord9>y paym5ts = ov]time or haz>d\s pay1 supplem5tal paym5ts or all[ances giv5 to ! employee :e!r = ! conv5i5ce ( ! employ] or o!rwise1 seque/ration paym5ts to reta9 /aff at ess5tial facilities1 or o!r paym5ts = s]vices r5d]$ :i* ! employee w\ld n be accu/om$ to receiv+ abs5t ! extraord9>y bus9ess & economic conditions exi/+ dur+ ! applicable p]iod4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate4 7#d7 ,wages ,! t]m wages means wages 7z def9$ 9 section #caba7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 & comp5sation 7z def9$ 9 section #cbca7;e7 ( su* ,code74 7#e7 ,o!r t]ms ,any t]m us$ 9 ?is section :i* is also us$ 9 *apt] #ba or #bb ( ! ,int]nal ,rev5ue ,code ( #aihf %all h ! same mean+ z :5 us$ 9 su* *apt]4 7d7 ,c]ta9 rules ,to apply ,= purposes ( ?is section1 rules simil> to ! rules ( sections #ea7;i77#a7 & #bhj;,c7a7 ( ! ,int]nal ,rev5ue ,code ( #aihf %all apply4 7e7 ,c]ta9 gov]nm5tal employ]s ,?is cr$it %all n apply to ! ,gov]nm5t ( ! ,unit$ ,/ates1 ! gov]nm5t ( any ,/ate or political subdivision !re(1 or any ag5cy or in/rum5tality ( any ( ! =ego+4 7f7 ,election n ,to h section apply ,?is section %all n apply ) respect to any employ] = any cal5d> qu>t] if su* employ] elects 7at su* "t & 9 su* mann] z ! ,secret>y may prescribe7 n to h ?is section apply4 7g7 ,?ird-,p>ty payors ,any cr$it all[$ "u ?is section %all be treat$ z a cr$it describ$ 9 section #ceaa7;d77#b7 ( su* ,code4 7h7 ,transf]s to ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ,!re are h]eby appropriat$ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund & ! ,f$]al ,disability ,insurance ,tru/ ,fund e/abli%$ "u section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja7 & ! ,social ,security ,equival5t ,b5efit ,acc\nt e/abli%$ "u section #ae;,a7a7 ( ! ,railroad ,retirem5t ,act ( #aigd 7#de ,u4,s4,c4 #ad #bcan-#a7;a77 am\nts equal to ! r$uction 9 rev5ues to ! ,treasury by reason ( ?is section 7)\t reg>d to ?is subsection74 ,am\nts appropriat$ by ! prec$+ s5t5ce %all be transf]r$ f ! g5]al fund at su* times & 9 su* mann] z to replicate to ! ext5t possible ! transf]s :i* w\ld h occurr$ to su* ,tru/ ,fund or ,acc\nt _h ?is section n be5 enact$4 7i7 ,treatm5t ( deposits ,! ,secret>y %all waive any p5alty "u section #ffef ( ! ,int]nal ,rev5ue ,code ( #aihf = any failure to make a deposit ( any applicable employm5t taxes if ! ,secret>y det]m9es t su* failure 0 due to ! reasonable anticipation ( ! cr$it all[$ "u ?is section4 7j7 ,regulations & guidance ,! ,secret>y %all issue su* =ms1 in/ructions1 regulations1 & guidance z are necess>y-- 7#a7 to all[ ! advance paym5t ( ! cr$it "u subsection 7a71 subject to ! limitations provid$ 9 ?is section1 bas$ on su* in=mation z ! ,secret>y %all require2 7#b7 to provide = ! reconciliation ( su* advance paym5t ) ! am\nt advanc$ at ! "t ( fil+ ! return ( tax = ! applicable cal5d> qu>t] or taxable ye>2 & 7#c7 ) respect to ! application ( ! cr$it "u subsection 7a7 to ?ird-p>ty payors 7includ+ pr(essional employ] organizations1 c]tifi$ pr(essional employ] organizations1 or ag5ts "u section #cejd ( ! ,int]nal ,rev5ue ,code ( #aihf74 7k7 ,application ,?is section %all only apply to qualifi$ bonuses paid aft] ,m>* #ab1 #bjbj1 & be=e ,janu>y #a1 #bjba4