,,ii  #aag? ,,congress  #a/ ,session    
,s4 #eea  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #b 7legislative   
day1 ,m>* #a71 #bjba,ms4 ,hassan 7=     
h]self & ,mr4 ,braun7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 exp& ! ,employee ,ret5tion ,tax ,cr$it 
to include c]ta9 />tup bus9esses4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,recov]y ,/>tup ,assi/ance ,act4  #b4   
,expansion ( ,employee ,ret5tion ,tax   
,cr$it to include c]ta9 />tup bus9esses 
7a7 ,9 g5]al ,section #bcja ( ! ,,c>es  
,act1 z am5d$ by sections #bjf & #bjg ( 
! ,taxpay] ,c]ta9ty & ,disa/] ,tax      
,relief ,act ( #bjbj 7,public ,law      
#aaf-bfj71 is am5d$-- 7#a7 9 subsection 
7c7-- 7,a7 9 p>agraph 7#b77;,a77ii7--   
7i7 9 subclause 7,i71 by /rik+ or at !  
end1  7ii7 9 subclause 7,,ii71 by /rik+ 
! p]iod at ! end & ins]t+ 1 or1 &  7iii7
 by ins]t+ aft] subclause 7,,ii7 !      
foll[+3  7,,iii7 ! employ] is a recov]y 

/>tup bus9ess 7z def9$ 9 p>agraph 7#f774
  1  7,b7 by r$esignat+ p>agraph 7#f7 z 
p>agraph 7#g71 &  7,c7 by ins]t+ aft]   
p>agraph 7#e7 ! foll[+3  7#f7 ,recov]y  
/>tup bus9ess  7,a7 ,9 g5]al ,! t]m     
recov]y />tup bus9ess means any employ] 
:i*-- 7i7 began c>ry+ on a trade or     
bus9ess aft] ,febru>y #ae1 #bjbj1  7ii7 
_h less ?an #ej full-"t employees 7z    
def9$ 9 section #dihj;,h7c77#d7 ( !     
,int]nal ,rev5ue ,code ( #aihf1 except t
 subp>agraph 7,a7 ( su* section %all be 
appli$ by sub/itut+ qu>t] = mon?7 dur+ !
 cal5d> qu>t] = :i* ! cr$it is det]m9$  
"u subsection 7a71  7iii7 did n h gross 
receipts 7z det]m9$ "u ! rules ( section
 #ddh7;c77#c7 ( su* ,code1 )\t reg>d to 
subp>agraph 7,a7 !re(7 9 excess (       
#be1jjj = any taxable ye> prec$+ !      
#e-taxable-ye> p]iod end+ ) ! taxable   
ye> prec$+ su* qu>t]1 &  7iv7 elect$ to 
h ?is p>agraph apply = su* qu>t]4  7,b7 
,phase\t ( cr$it ,9 ! case ( any recov]y
 />tup bus9ess1 ! am\nt ( ! cr$it all[$ 
"u subsection 7a7 = any cal5d> qu>t] 7z 

det]m9$ )\t reg>d to ?is subp>agraph7   
%all be r$uc$ 7b n bel[ z]o7 by an am\nt
 equal to #a p]c5t ( ! am\nt ( su* cr$it
 = ea* #dj1jjj 7or fraction !re(7 by :i*
 ! gross receipts 7z det]m9$ "u ! rules 
( section #ddh7;c77#c7 ( ! ,int]nal     
,rev5ue ,code ( #aihf1 )\t reg>d to     
subp>agraph 7,a7 !re(7 ( su* bus9ess = !
 la/ taxable ye> end+ be=e su* qu>t]    
exce$s #a1jjj1jjj4  7,c7 ,ext5sions &   
modifications  7i7 ,limitation on numb] 
( employees ,9 ! case ( a recov]y />tup 
bus9ess1 ! am\nt ( qualifi$ wages :i*   
may be tak5 into acc\nt "u subsection   
7a7 by su* employ] = any cal5d> qu>t]   
%all n exce$ #ej1jjj4  7ii7 ,limitation 
on numb] ( qu>t]s  7,i7 ,9 g5]al        
,subject to subclause 7,,ii71 9 ! case (
 a recov]y />tup bus9ess1 ! cr$it all[$ 
"u subsection 7a7 %all only apply to    
wages paid dur+ any p]iod ( #b          
consecutive cal5d> qu>t]s 7z elect$ by  
su* bus9ess71 z r$uc$ by ! total numb] (
 cal5d> qu>t]s 9 :i* ! recov]y />tup    
bus9ess-- 7aa7 claim$ ! cr$it "u ?is    

section1 &  7bb7 did n make an election 
describ$ 9 subp>agraph 7,a77iv74  7,,ii7
 ,exclusion ,! p]iod describ$ 9         
subclause 7,i7 %all n include any cal5d>
 qu>t] :i* ends be=e ! lat] (-- 7aa7 !  
date ( enactm5t ( ! ,recov]y ,/>tup     
,assi/ance ,act1 or  7bb7 ! date on :i* 
su* bus9ess began op]ations4  7iii7     
,ext5sion ,9 ! case ( a recov]y />tup   
bus9ess1 subsection 7m7 %all be appli$  
by sub/itut+ ,janu>y #a1 #bjbb = ,july  
#a1 #bjba4  1  7#b7 9 subsection        
7j77#b71 by add+ at ! end ! foll[+3     
7,d7 ,recov]y />tup bus9ess ,)\t reg>d  
to subp>agraphs 7,a7 ?r\gh 7,c71 "u     
rules provid$ by ! ,secret>y1 a recov]y 
/>tup bus9ess may elect = any cal5d>    
qu>t] to receive an advance paym5t ( !  
cr$it "u subsection 7a7 7aft]           
application ( subsection 7c77#f77 = su* 
qu>t]4  1 &  7#c7 9 subsection 7l7--    
7,a7 9 p>agraph 7#b71 by /rik+ & at !   
end1  7,b7 9 p>agraph 7#c71 by /rik+ !  
p]iod at ! end & ins]t+ 1 &1 &  7,c7 by 
ins]t+ aft] p>agraph 7#c7 ! foll[+3     

7#d7 to prev5t fraudul5t & abusive      
claims ( ! cr$it all[$ "u subsection 7a7
 by recov]y />tup bus9esses4  4  7b7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to cal5d> qu>t]s     
beg9n+ aft] ,decemb] #ca1 #bjbj4