,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fghg ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #h1 #bjbj,ms4 ,sn*ez introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to provide a payroll cr$it = c]ta9 p&emic-relat$ employee b5efit exp5ses paid by employ]s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,provid+ ,ess5tials = ,frontl9e ,work]s ,act4 #b4 ,payroll cr$it = c]ta9 p&emic-relat$ employee b5efit exp5ses paid by employ]s 7a7 ,9 g5]al ,9 ! case ( an employ]1 !re %all be all[$ z a cr$it aga9/ applicable employm5t taxes = ea* cal5d> qu>t] an am\nt equal to ! applicable p]c5tage ( ! qualifi$ p&emic-relat$ employee b5efit exp5ses paid by su* employ] ) respect to su* cal5d> qu>t]4 7b7 ,limitations & refundability 7#a7 ,doll> limitation p] employee ,! qualifi$ p&emic-relat$ employee b5efit exp5ses :i* may be tak5 into acc\nt "u subsection 7a7 ) respect to any employee = any cal5d> qu>t] %all n exce$ #e1jjj4 7#b7 ,cr$it limit$ to c]ta9 employm5t taxes ,! cr$it all[$ by subsection 7a7 ) respect to any cal5d> qu>t] %all n exce$ ! applicable employm5t taxes = su* cal5d> qu>t] 7r$uc$ by any cr$its all[$ "u subsections 7e7 & 7f7 ( section #caaa ( su* ,code1 sections #gjja & #gjjc ( ! ,families ,fir/ ,coronavirus ,response ,act1 & section #bcja ( ! ,,c>es ,act1 = su* qu>t]7 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 an 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 ,qualifi$ p&emic-,relat$ employee b5efit exp5ses ,= purposes ( ?is section1 ! t]m qualifi$ p&emic-relat$ employee b5efit exp5ses means any am\nt paid to or = ! b5efit ( an employee 9 ! employm5t ( ! employ] if-- 7#a7 su* am\nt is excludible f ! gross income ( ! employee "u section #aci ( ! ,int]nal ,rev5ue ,code ( #aihf by reason ( be+ a qualifi$ disa/] relief paym5t describ$ 9 subsection 7b77#a7 ( su* section ) respect to a qualifi$ disa/] describ$ 9 subsection 7c77#b7 ( su* section :i* 0 decl>$ by reason ( ,,covid-#ai1 & 7#b7 ! employ] elects 7at su* "t & 9 su* mann] z ! ,secret>y may provide7 to treat su* am\nt z a qualifi$ p&emic-relat$ employee b5efit exp5se4 7d7 ,applicable p]c5tage ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m applicable p]c5tage means-- 7,a7 #ej p]c5t1 9 ! case ( qualifi$ p&emic-relat$ employee b5efit exp5ses paid ) respect to an ess5tial employee1 & 7,b7 #cj p]c5t1 9 any o!r case4 7#b7 ,ess5tial employee ,! t]m ess5tial employee means1 ) respect to any employ] = any cal5d> qu>t]1 any employee ( su* employ] if a sub/antial portion ( ! s]vices p]=m$ by su* employee = su* employ] dur+ su* cal5d> qu>t] are ess5tial "w4 7#c7 ,ess5tial "w ,n lat] ?an #cj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,director ( ! ,cyb]security & ,infra/ructure ,security ,ag5cy %all issue a def9ition ( ess5tial "w = ! purposes ( ?is section4 ,9 def9+ ! t]m ess5tial "w1 ! ,cyb]security & ,infra/ructure ,security ,ag5cy %all take into consid]ation its ,april #ag? #8#8,advisory ,memor&um on ,id5tification ( ,ess5tial ,critical ,infra/ructure ,work]s ,dur+ ,covid-#ai ,response'' & %all solicit public input4 7e7 ,special rules2 o!r def9itions 7#a7 ,application ( c]ta9 non-discrim9ation rules ,no cr$it %all be all[$ "u ?is section to any employ] = any cal5d> qu>t] if qualifi$ p&emic-relat$ employee b5efit exp5ses are provid$ by su* employ] to employees = su* cal5d> qu>t] 9 a mann] :i* discrim9ates 9 favor ( highly comp5sat$ individuals 7)9 ! mean+ ( section #abe7 z to eligibility =1 or ! am\nt (1 su* b5efit exp5ses4 ,an employ] may elect ) respect to any cal5d> qu>t] to apply ?is p>agraph sep>ately ) respect to ess5tial employees & ) respect to all o!r employees4 7#b7 ,d5ial ( d\ble b5efit ,= purposes ( *apt] #a ( su* ,code1 no d$uction or cr$it 7o!r ?an ! cr$it all[$ "u ?is section7 %all be all[$ = s mu* ( qualifi$ p&emic-relat$ employee b5efit exp5ses z is equal to ! cr$it all[$ "u ?is section4 7#c7 ,?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 7#d7 ,applicable employm5t taxes ,= purposes ( ?is section1 ! 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#e7 ,secret>y ,= purposes ( ?is section1 ! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate4 7#f7 ,c]ta9 t]ms 7,a7 ,9 g5]al ,any t]m us$ 9 ?is section :i* is also us$ 9 *apt] #ba or #bb ( su* ,code %all h ! same mean+ z :5 us$ 9 su* *apt] 7z ! case may be74 7,b7 ,c]ta9 provisions n tak5 into acc\nt except = purposes ( limit+ cr$it to employm5t taxes ,= purposes ( subp>agraph 7,a7 7o!r ?an ) respect to subsection 7b77#b771 section #caba7;b7 ( su* ,code %all be appli$ )\t reg>d to p>agraphs 7#a71 7#e71 7#f71 7#g71 7#h71 7#aj71 7#ac71 7#ah71 7#ai71 & 7#bb7 !re( 7except ) respect to s]vices p]=m$ 9 a p5al in/itution by an inmate !re(7 & section #cbca7;e77#a7 %all be appli$ )\t reg>d to ! s5t5ce t beg9s ,su* t]m does n include remun]ation4 7f7 ,c]ta9 gov]nm5tal employ]s 7#a7 ,9 g5]al ,! cr$it "u ?is section %all n be all[$ to ! ,f$]al ,gov]nm5t or any ag5cy or in/rum5tality !re(4 7#b7 ,exception ,p>agraph 7#a7 %all n apply to any organization describ$ 9 section #eja7;c77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf & exempt f tax "u section #eja7;a7 ( su* ,code4 7g7 ,treatm5t ( deposits ,! ,secret>y %all waive any p5alty "u section #ffef ( su* ,code = any failure to make a deposit ( applicable employm5t taxes if ! ,secret>y det]m9es t su* failure 0 due to ! anticipation ( ! cr$it all[$ "u ?is section4 7h7 ,regulations ,! ,secret>y %all prescribe su* regulations or o!r guidance z may be necess>y to c>ry out ! purposes ( ?is section1 includ+ regulations or o!r guidance-- 7#a7 to all[ ! advance paym5t ( ! cr$it det]m9$ "u subsection 7a71 subject to ! limitations provid$ 9 ?is section1 bas$ on su* in=mation z ! ,secret>y %all require1 7#b7 to provide = ! reconciliation ( su* advance paym5t ) ! am\nt ( ! cr$it at ! "t ( fil+ ! return ( tax = ! applicable qu>t] or taxable ye>1 7#c7 = recaptur+ ! b5efit ( cr$its det]m9$ "u ?is section 9 cases :]e !re is a subsequ5t adju/m5t to ! cr$it det]m9$ "u subsection 7a71 & 7#d7 ) respect to ! application ( ! cr$it to ?ird p>ty payors 7includ+ pr(essional employ] organizations1 c]tifi$ pr(essional employ] organizations1 or ag5ts "u section #cejd ( su* ,code71 includ+ to all[ su* payors to submit docum5tation necess>y to sub/antiate eligibility =1 & ! am\nt (1 ! cr$it all[$ "u ?is section4 7i7 ,application ( section ,?is section %all apply only to qualifi$ p&emic-relat$ employee b5efit exp5ses paid aft] ,m>* #ab1 #bjbj1 & be=e ,janu>y #a1 #bjba4 7j7 ,transf]s to c]ta9 tru/ funds ,!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 #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