,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hcad  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ah1 #bjbj  
,ms4 ,f9k5au] introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means1 & 9 addition to ! ,committee on 
,small ,bus9ess1 = a p]iod to be        
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to provide )       
respect to rec5t disa/]s an employee    
ret5tion cr$it = employ]s affect$ by su*
 disa/]s & rules = disa/]-relat$ p]sonal
 casualty losses4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,disa/] ,recov]y = 
,economies1 ,local ,individuals1        
,employ]s1 & ,families ,act ( #bjbj or !
 ,disa/] ,,relief ,act4  #b4 ,def9itions
 ,= purposes ( ?is ,act--  7#a7         
,qualifi$ disa/] area  7,a7 ,9 g5]al ,! 
t]m qualifi$ disa/] area means any area 
) respect to :i* a major disa/] 0       
decl>$1 dur+ ! p]iod beg9n+ on ,decemb] 
#bh1 #bjai1 & end+ on ! date :i* is #fj 

days aft] ! date ( ! enactm5t ( ?is     
,act1 by ! ,presid5t "u section #dja ( !
 ,rob]t ,t4 ,/af=d ,disa/] ,relief &    
,em]g5cy ,assi/ance ,act if ! incid5t   
p]iod ( ! disa/] ) respect to :i* su*   
decl>ation is made beg9s on or be=e !   
date ( ! enactm5t ( ?is ,act4  7,b7     
,,covid-#ai exception ,su* t]m %all n   
include any area ) respect to :i* su* a 
major disa/] has be5 s decl>$ only by   
reason ( ,,covid-#ai4  7#b7 ,qualifi$   
disa/] zone ,! t]m qualifi$ disa/] zone 
means t portion ( any qualifi$ disa/]   
area :i* 0 det]m9$ by ! ,presid5t1 dur+ 
! p]iod beg9n+ on ,decemb] #bh1 #bjai1 &
 end+ on ! date :i* is #fj days aft] !  
date ( ! enactm5t ( ?is ,act1 to w>rant 
individual or individual & public       
assi/ance f ! ,f$]al ,gov]nm5t "u !     
,rob]t ,t4 ,/af=d ,disa/] ,relief &     
,em]g5cy ,assi/ance ,act by reason ( !  
qualifi$ disa/] ) respect to su* disa/] 
area4  7#c7 ,qualifi$ disa/] ,! t]m     
qualifi$ disa/] means1 ) respect to any 
qualifi$ disa/] area1 ! disa/] by reason

 ( :i* a major disa/] 0 decl>$ ) respect
 to su* area4  7#d7 ,incid5t p]iod ,!   
t]m incid5t p]iod means1 ) respect to   
any qualifi$ disa/]1 ! p]iod specifi$ by
 ! ,f$]al ,em]g5cy ,managem5t ,ag5cy z !
 p]iod dur+ :i* su* disa/] occurr$      
7except t = purposes ( ?is ,act su*     
p]iod %all n be treat$ z beg9n+ be=e    
,decemb] #bh1 #bjai1 or end+ aft] ! date
 :i* is #cj days aft] ! date ( !        
enactm5t ( ?is ,act74  #c4 ,employee    
ret5tion cr$it = employ]s affect$ by    
qualifi$ disa/]s  7a7 ,9 g5]al ,=       
purposes ( section #ch ( ! ,int]nal     
,rev5ue ,code ( #aihf1 9 ! case ( an    
eligible employ]1 ! #bjbj qualifi$      
disa/] employee ret5tion cr$it %all be  
treat$ z a cr$it li/$ at ! end (        
subsection 7b7 ( su* section4 ,=        
purposes ( ?is subsection1 ! #bjbj      
qualifi$ disa/] employee ret5tion cr$it 
= any taxable ye> is an am\nt equal to  
#dj p]c5t ( ! qualifi$ wages ) respect  
to ea* eligible employee ( su* employ] =
 su* taxable ye>4 ,! am\nt ( qualifi$   

wages ) respect to any employee :i* may 
be tak5 into acc\nt "u ?is subsection by
 ! employ] = any taxable ye> %all n     
exce$ #f1jjj 7r$uc$ by ! am\nt (        
qualifi$ wages ) respect to su* employee
 :i* may be s tak5 into acc\nt = any    
prior taxable ye>74  7b7 ,def9itions ,= 
purposes ( ?is section-- 7#a7 ,eligible 
employ] ,! t]m eligible employ] means   
any employ]--  7,a7 :i* conduct$ an     
active trade or bus9ess 9 a qualifi$    
disa/] zone at any "t dur+ ! incid5t    
p]iod ( ! qualifi$ disa/] ) respect to  
su* qualifi$ disa/] zone1 &  7,b7 )     
respect to :om ! trade or bus9ess       
describ$ 9 subp>agraph 7,a7 is inop]able
 at any "t dur+ ! p]iod beg9n+ on ! fir/
 day ( ! incid5t p]iod ( su* qualifi$   
disa/] & end+ on ! date ( ! enactm5t (  
?is ,act1 z a result ( damage su/a9$ by 
reason ( su* qualifi$ disa/]4  7#b7     
,eligible employee ,! t]m eligible      
employee means ) respect to an eligible 
employ] an employee ^: pr9cipal place ( 
employm5t ) su* eligible employ]        

7det]m9$ imm$iately be=e ! qualifi$     
disa/] ref]r$ to 9 p>agraph 7#a77 0 9 ! 
qualifi$ disa/] zone ref]r$ to 9 su*    
p>agraph4  7#c7 ,qualifi$ wages ,! t]m  
qualifi$ wages means wages 7z def9$ 9   
section #ea7;c77#a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf1 b )\t reg>d to section  
#ccjf7;b77#b77;,b7 ( su* ,code7 paid or 
incurr$ by an eligible employ] ) respect
 to an eligible employee at any "t on or
 aft] ! date on :i* ! trade or bus9ess  
describ$ 9 p>agraph 7#a7 fir/ became    
inop]able at ! pr9cipal place (         
employm5t ( ! employee 7det]m9$         
imm$iately be=e ! qualifi$ disa/] ref]r$
 to 9 su* p>agraph7 & be=e ! e>li] (--  
7,a7 ! date on :i* su* trade or bus9ess 
has resum$ significant op]ations at su* 
pr9cipal place ( employm5t1 or  7,b7 !  
date :i* #aej days aft] ! la/ day ( !   
incid5t p]iod ( ! qualifi$ disa/] ref]r$
 to 9 p>agraph 7#a74  ,su* t]m %all     
include wages paid )\t reg>d to :e!r !  
employee p]=ms no s]vices1 p]=ms s]vices
 at a diff]5t place ( employm5t ?an su* 

pr9cipal place ( employm5t1 or p]=ms    
s]vices at su* pr9cipal place (         
employm5t be=e significant op]ations h  
resum$4 ,su* t]m %all n include any     
wages tak5 into acc\nt "u section #bcja 
( ! ,coronavirus ,aid1 ,relief1 &       
,economic ,security ,act4  7c7 ,special 
rules  7#a7 ,employee n tak5 into acc\nt
 m ?an once ,an employee %all n be      
treat$ z an eligible employee = purposes
 ( ?is subsection = any p]iod ) respect 
to any employ] if su* employ] is all[$ a
 cr$it "u section #ea ( ! ,int]nal      
,rev5ue ,code ( #aihf ) respect to su*  
employee = su* p]iod4  7#b7 ,d5ial (    
d\ble b5efit ,any wages tak5 into acc\nt
 9 det]m9+ ! cr$it all[$ "u ?is section 
%all n be tak5 into acc\nt z wages =    
purposes ( sections #da1 #de;,a1 #de,p1 
#de,s1 #ea1 & #acif ( ! ,int]nal ,rev5ue
 ,code ( #aihf4  7#c7 ,c]ta9 o!r rules  
to apply ,= purposes ( ?is subsection1  
rules simil> to ! rules ( sections      
#ea7;i77#a71 #eb1 & #bhj;,c7a71 ( !     
,int]nal ,rev5ue ,code ( #aihf1 %all    

apply4  7d7 ,election ,to n take c]ta9  
wages into acc\nt  7#a7 ,9 g5]al ,?is   
section %all n apply to qualifi$ wages  
paid by an eligible employ] ) respect to
 :i* su* employ] makes an election 7at  
su* "t & 9 su* mann] z ! ,secret>y may  
prescribe7 to h ?is section n apply to  
su* wages4  7#b7 ,coord9ation ) pay*eck 
protection program ,! ,secret>y1 9      
consultation ) ! ,adm9i/rator ( ! ,small
 ,bus9ess ,adm9i/ration1 %all issue     
guidance provid+ t payroll co/s paid or 
incurr$ dur+ ! cov]$ p]iod %all n fail  
to be treat$ z qualifi$ wages "u ?is    
section by reason ( an election "u      
p>agraph 7#a7 to ! ext5t t a cov]$ loan 
( ! eligible employ] is n =giv5 by      
reason ( a decision "u section #aajf7;g7
 ( ! ,,c>es ,act4 ,t]ms us$ 9 ! prec$+  
s5t5ce :i* are also us$ 9 section #aajf 
( su* ,act %all h ! same mean+ z :5 us$ 
9 su* section4  7e7 ,am5dm5t to pay*eck 
protection program ,section             
#aajf7;a77#h7 ( ! ,,c>es ,act is am5d$  
by ins]t+ 1 except t su* co/s %all n    

include qualifi$ wages tak5 into acc\nt 
9 det]m9+ ! cr$it all[$ "u section #d ( 
! ,disa/] ,,relief ,act be=e ! p]iod at 
! end4  #d4 ,special rules = qualifi$   
disa/]-relat$ p]sonal casualty losses   
7a7 ,9 g5]al ,if an individual has a net
 disa/] loss = any taxable ye>-- 7#a7 ! 
am\nt det]m9$ "u section                
#afe7;h77#b77;,a77ii7 ( ! ,int]nal      
,rev5ue ,code ( #aihf %all be equal to !
 sum (--  7,a7 su* net disa/] loss1 &   
7,b7 s mu* ( ! excess ref]r$ to 9 !     
matt] prec$+ clause 7i7 ( section       
#afe7;h77#b77;,a7 ( su* ,code 7r$uc$ by 
! am\nt 9 subp>agraph 7,a7 ( ?is        
p>agraph7 z exce$s #aj p]c5t ( ! adju/$ 
gross income ( ! individual1  7#b7 9 !  
case ( qualifi$ disa/]-relat$ p]sonal   
casualty losses1 section #afe7;h77#a7 ( 
su* ,code %all be appli$ to by sub/itut+
 #ejj = #ejj 7#ajj = taxable ye>s beg9n+
 aft] ,decemb] #ca1 #bjji71  7#c7 ! /&>d
 d$uction det]m9$ "u section #fc7;c7 (  
su* ,code %all be increas$ by ! net     
disa/] loss1 &  7#d7 section            

#ef7;b77#a77;,e7 ( su* ,code %all n     
apply to s mu* ( ! /&>d d$uction z is   
attributable to ! increase "u p>agraph  
7#c7 ( ?is p>agraph4  7b7 ,net disa/]   
loss ,= purposes ( ?is section1 ! t]m   
net disa/] loss means ! excess (        
qualifi$ disa/]-relat$ p]sonal casualty 
losses ov] p]sonal casualty ga9s 7z     
def9$ 9 section #afe7;h77#c77;,a7 ( !   
,int]nal ,rev5ue ,code ( #aihf74  7c7   
,qualifi$ disa/]-,relat$ p]sonal        
casualty losses ,= purposes ( ?is       
section1 ! t]m qualifi$ disa/]-relat$   
p]sonal casualty losses means losses    
describ$ 9 section #afe7;c77#c7 ( !     
,int]nal ,rev5ue ,code ( #aihf :i* arise
 9 a qualifi$ disa/] area on or aft] !  
fir/ day ( ! incid5t p]iod ( ! qualifi$ 
disa/] to :i* su* area relates1 & :i*   
are attributable to su* qualifi$ disa/]4