,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gjeh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bh1 #bjbj,mr4   
,re$ 7= himself1 ,mr4 ,got!im]1 ,mr4    
,s*weik]t1 & ,mr4 ,cuell>7 introduc$ !  
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to provide a payroll tax cr$it = c]ta9 
bonuses paid to employees :o work$      
cont9u\sly dur+ ! ,,covid-#ai p&emic4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,rew>d+ ,am]ican ,work]s ,act ( #bjbj4
  #b4 ,payroll cr$it = bonuses paid to  
employees :o work$ cont9u\sly dur+ !    
,,covid-#ai p&emic  7a7 ,9 g5]al ,9 !   
case ( an employ]1 !re %all be all[$ z a
 cr$it aga9/ applicable employm5t taxes 
= ! cal5d> qu>t] :i* includes ! la/ day 
( ! cov]$ p]iod an am\nt equal to #ajj  
p]c5t ( ! qualifi$ bonuses paid to      
eligible employees ( su* employ] dur+   
su* cal5d> qu>t]4  7b7 ,qualifi$ bonus  
,= ! purposes ( ?is section-- 7#a7 ,9   
g5]al ,! t]m qualifi$ bonus means1 )    
respect to any eligible employee ( any  

employ]1 a supplem5tal wage 7)9 ! mean+ 
( ! rules & regulations "u section      
#cdjb7 equal to-- 7,a7 9 ! case ( an    
eligible employee ^: annualiz$ cov]$    
p]iod wages d n exce$ #ee1jjj1 an am\nt 
equal to ! applicable p]c5tage ( ! wages
 7z def9$ 9 section #cdja7 paid by su*  
employ] to su* employee dur+ ! cov]$    
p]iod1 &  7,b7 9 ! case ( an eligible   
employee ^: annualiz$ cov]$ p]iod wages 
exce$ #ee1jjj b d n exce$ #ii1jjj1 #fjj4
  7#b7 ,applicable p]c5tage ,! t]m      
applicable p]c5tage means1 ) respect to 
any eligible employee ( any employ]1 #cj
 p]c5t r$uc$ 7b n bel[ z]o7 by #j4a     
p]c5t = ea* #ajj t ! su* employee's     
annualiz$ cov]$ p]iod wages exce$s      
#cj1jjj4  7#c7 ,annualiz$ cov]$ p]iod   
wages ,! t]m annualiz$ cov]$ p]iod wages
 means1 ) respect to any eligible       
employee ( any employ]1 ! am\nt ( wages 
7z def9$ 9 section #cdja & det]m9$ )\t  
reg>d to any qualifi$ bonuses7 :i* w\ld 
h be5 paid to su* employee by su*       
employ] dur+ a #cfe-;day p]iod if su*   

employee 7 paid at ! same rate dur+ all 
( su* p]iod z su* employee 0 paid dur+ !
 cov]$ p]iod4  7c7 ,eligible employee ,=
 purposes ( ?is section1 ! t]m eligible 
employee means1 ) respect to any        
employ]1 any employee if-- 7#a7 su*     
employee _h taxes )held by su* employ]  
"u section #caja = ! entirety ( ! cov]$ 
p]iod1 &  7#b7 su* employee's annualiz$ 
cov]$ p]iod wages d n exce$ #ii1jjj4    
7d7 ,cov]$ p]iod ,= purposes ( ?is      
section1 ! t]m cov]$ p]iod means ! p]iod
 beg9n+ on ,m>* #ac1 #bjbj1 & end+ on ! 
e>li] ( ,july #ca1 #bjbj1 or ! end ( !  
,national ,em]g5cy ,conc]n+ ! ,novel    
,coronavirus ,disease 7,,covid-#ai7     
,outbreak4  7e7 ,refundability  7#a7    
,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 ( ! eligible employ] 
= su* cal5d> qu>t]4  7#b7 ,refundability
 ( excess cr$it  7,a7 ,9 g5]al ,if !    
am\nt ( ! cr$it "u subsection 7a7 exce$s
 ! limitation ( p>agraph 7#a7 = any     
cal5d> qu>t]1 su* excess %all be treat$ 
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  7f7 ,o!r 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    
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,treasury or ! ,secret>y's
 delegate4  7#c7 ,o!r t]ms ,except z    
o!rwise provid$ 9 ?is section1 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  7g7 ,aggregation rule 
,all p]sons treat$ z a s+le employ] "u  
subsection 7a7 or 7b7 ( section #eb ( ! 
,int]nal ,rev5ue ,code ( #aihf1 or      
subsection 7m7 or 7o7 ( section #dad (  
su* ,code1 %all be treat$ z "o employ] =
 purposes ( ?is section4  7h7 ,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  7i7 ,election n ,to h section   
apply ,?is section %all n apply )       
respect to any eligible 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    
7j7 ,?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  7k7 ,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  7l7 ,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  7m7 ,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 require1  7#b7 to provide
 = ! reconciliation ( su* advance paym5t
 ) ! am\nt advanc$ at ! "t ( fil+ !     
return ( tax = ! applicable cal5d> qu>t]
 or taxable ye>1 &  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 ( #aihf71 includ+         
regulations or guidance all[+ su* payors

 to submit docum5tation necess>y to     
sub/antiate ! eligible employ] /atus (  
employ]s t use su* payors4