,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gbbb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #ae1 #bjbj,mr4 ,panetta introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to provide = a cr$it aga9/ employm5t taxes = c]ta9 virus transmission prev5tion exp5ses1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,safe ,reop5+ ,tax ,cr$it4 #b4 ,tax cr$it = safety improvem5ts 7a7 ,9 g5]al ,9 ! case ( an eligible employ]1 !re %all be all[$ z a cr$it aga9/ applicable employm5t taxes = ea* cal5d> qu>t] an am\nt equal to #cj p]c5t ( ! qualifi$ virus transmission prev5tion exp5ses paid or incurr$ by su* employ] dur+ su* cal5d> qu>t]4 7b7 ,limitations & refundability 7#a7 ,limitation ,! qualifi$ fix$ exp5ses :i* may be tak5 into acc\nt "u subsection 7a7 by any eligible employ] = any cal5d> qu>t] %all n exce$ ! lea/ (-- 7,a7 #ae1jjj1 or 7,b7 ! great] (-- 7i7 #be p]c5t ( ! wages paid ) respect to ! employm5t ( all employees ( ! eligible employ] = su* cal5d> qu>t]1 or 7ii7 #f4be p]c5t ( gross receipts ( ! eligible employ] = cal5d> ye> #bjai4 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 ( ! eligible 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 ,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 ,eligible employ] 7,a7 ,9 g5]al ,! t]m eligible employ] means any employ]-- 7i7 :i* 0 c>ry+ on a trade or bus9ess at any "t dur+ cal5d> ye> #bjbj1 7ii7 :i* _h ei!r-- 7,i7 n m ?an #a1ejj full "t equival5t employees 7z det]m9$ = ! purposes ( det]m9+ :e!r an employ] is an applicable l>ge employ] = ! purposes ( section #dihj;,h7c77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 = cal5d> ye> #bjai1 or 7,,ii7 n m ?an #da1ejj1jjj 9 gross receipts 9 ! la/ taxable ye> end+ 9 #bjai1 & 7iii7 is prim>ily an e/abli%m5t classifi$ "u "o ( ! foll[+3 7,i7 ,! ,nor? ,am]ican ,indu/ry ,classification ,sy/em ,sector codes #dd1 #de1 #ga1 or #gb4 7,,ii7 ,! ,nor? ,am]ican ,indu/ry ,classification ,sy/em ,subsector code #fbd4 7,,iii7 ,! ,nor? ,am]ican ,indu/ry ,classification ,sy/em codes #eabaca or #eaiabj4 7,b7 ,tax-exempt organizations ,9 ! case ( an organization :i* is describ$ 9 section #eja7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf & exempt f tax "u section #eja7;a7 ( su* ,code-- 7i7 clauses 7i7 & 7iii77,i7 ( subp>agraph 7,a7 %all apply to all op]ations ( su* organization1 & 7ii7 any ref]5ce 9 ?is section to gross receipts %all be treat$ z a ref]5ce to gross receipts )9 ! mean+ ( section #fjcc ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#c7 ,qualifi$ virus transmission prev5tion exp5ses ,! t]m qualifi$ virus transmission prev5tion exp5ses means ! paym5t or accrual ( any exp5se :i* is int5d$ to r$uce or prev5t ! transmission ( communicable viruses 7includ+ ,sev]e ,acute ,respiratory ,syndrome ,coronavirus #b 7,,s>s-,co,v-#b771 :i* is us$ 9 ! op]ation ( a trade or bus9ess 9 ! ,unit$ ,/ates 7includ+ ! possessions ( ! ,unit$ ,/ates71 includ+-- 7,a7 b>ri]s erect$ to prev5t virus spread betwe5 cu/om]s & employees1 includ+ plexiglass in/all$ at ca%i]s & o!r c\nt]s1 & p>titions to sep>ate cu/om]s1 7,b7 *anges to fixtures to facilitate social di/anc+1 includ+ additional *eck-out /ations1 7,c7 contactless po9t-(-sale sy/ems1 7,d7 enhanc$ sanitation1 includ+ deep clean+ & h& sanitiz]1 7,e7 !rmomet]s & o!r virus monitor+ devices or me?ods1 includ+ ,,covid-#ai te/+1 7,f7 v5tilation or air filtration1 7,g7 signage relat$ to public heal? aw>5ess1 social di/anc+1 or alt]$ s]vices l curbside pickups1 7,h7 employee heal? education1 7,i7 tra9+ = new bus9ess proc$ures result+ f ,,covid-#ai1 7,j7 p]sonal protective equipm5t1 & 7,k7 su* additional exp5ses z ! ,secret>y1 9 consultation ) ! ,secret>y ( ,heal? & ,human ,s]vices1 det]m9es to be necess>y4 7#d7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate4 7d7 ,aggregation rule ,all p]sons treat$ 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 7e7 ,d5ial ( d\ble b5efit ,= purposes ( *apt] #a ( su* ,code1 ! gross income ( any eligible employ]1 = ! taxable ye> :i* includes ! la/ day ( any cal5d> qu>t] ) respect to :i* a cr$it is all[$ "u ?is section1 %all be increas$ by ! am\nt ( su* cr$it4 7f7 ,election n ,to h section apply ,?is section %all n apply ) respect to any eligible employ] = any cal5d> qu>t] if su* employ] elects 7at su* "t & 9 su* mann] z ! ,secret>y may prescribe7 n to h ?is section apply4 7g7 ,transf]s to c]ta9 tru/ funds ,!re are h]eby appropriat$ 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$4 7h7 ,treatm5t ( deposits ,! ,secret>y %all waive any p5alty "u section #ffef ( su* ,code = any failure to make a deposit ( applicable employm5t taxes if ! ,secret>y det]m9es t su* failure 0 due to ! anticipation ( ! cr$it all[$ "u ?is section4 7i7 ,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 ( ! cr$it at ! "t ( fil+ ! return ( tax = ! applicable qu>t] or taxable ye>1 7#c7 ) respect to ! application ( ! cr$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* payors1 7#d7 = application ( subsection 7c77#b77;,a77ii7 9 ! case ( any employ] :i* 0 n c>ry+ on a trade or bus9ess = all or "p ( ! same cal5d> qu>t] 9 ! prior ye>1 & 7#e7 = 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 7a74 7j7 ,application ( section ,?is section %all apply only to qualifi$ fix$ exp5ses paid or accru$ 9 cal5d> qu>t]s beg9n+ on or aft] ! date ( ! enactm5t ( ?is ,act & be=e ,janu>y #a1 #bjba4