,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #bege  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ac1 #bjbc,mr4 
,blum5au] 7= himself & ,mr4 ,phillips7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide a p>tially     
refundable cr$it aga9/ payroll taxes =  
c]ta9 re/aurants affect$ by !           
,,covid-#ai p&emic4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,re/aurant    
,revitalization ,tax ,cr$it ,act4  #b4  
,re/aurant revitalization cr$it  7a7 ,9 
g5]al ,sub*apt] ,d ( *apt] #ba (        
subtitle ,c ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #cace4 ,re/aurant  
revitalization cr$it  7a7 ,9 g5]al ,9 ! 
case ( an eligible employ]1 !re %all be 
all[$ z a cr$it aga9/ applicable        
employm5t taxes = ea* cal5d> qu>t] an   
am\nt equal to #ajj p]c5t ( ! wages )   
respect to ea* employee ( su* employ] = 
su* cal5d> qu>t]4  7b7 ,limitations &   

refundability  7#a7 ,9 g5]al ,!         
aggregate am\nt ( wages :i* may be tak5 
into acc\nt "u subsection 7a7 by !      
eligible employ] = any cal5d> qu>t] %all
 n exce$ #be1jjj4  7#b7 ,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
 #caaa7 on ! wages paid ) respect to !  
employm5t ( all ! employees ( ! eligible
 employ] = su* cal5d> qu>t]4 ,= purposes
 ( ! prec$+ s5t5ce1 ! cr$it all[$ "u    
subsection 7a7 %all be appli$ fir/ aga9/
 applicable employm5t taxes describ$ 9  
subsection 7c77#a77;,a74  7#c7 ,p>tial  
refundability ( excess cr$it  7,a7 ,9   
g5]al ,if ! am\nt ( ! cr$it "u          
subsection 7a7 exce$s ! limitation (    
p>agraph 7#b71 s mu* ( su* excess z does
 n exce$ ! applicable employ] refund    
limitation %all be treat$ z an ov]paym5t
 t %all be refund$ "u sections #fdjb7;a7
 & #fdac7;b74  7,b7 ,applicable employ] 

refund limitation ,= purposes (         
subp>agraph 7,a71 ! applicable employ]  
refund limitation is ! excess (-- 7i7   
#be1jjj1 ov]  7ii7 ! am\nt ( cr$it      
treat$ z an ov]paym5t ( ! eligible      
employ] by reason ( ?is p>agraph = all  
prec$+ cal5d> qu>t]s4  7,c7 ,r$uction   
bas$ on numb] ( employees ,9 ! case (   
any eligible employ] = :i* ! av]age     
numb] ( full-"t employees 7)9 ! mean+ ( 
section #dihj;,h7 employ$ by su*        
eligible employ] dur+ ! la/ cal5d> qu>t]
 ( #bjbb 7r\nd$ to ! ne>e/ multiple (   
#a7 exce$s #aj1 ! #be1jjj doll> am\nt "u
 subp>agraph 7,a77ii77,i7 %all be r$uc$ 
7b n bel[ z]o7 by ! product ( su* excess
 & #b1ejj4  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;a74  7,b7
 ,! taxes impos$ "u section #caaa7;b74  
7#b7 ,eligible employ]  7,a7 ,9 g5]al ,!
 t]m eligible employ] means any         
employ]-- 7i7 :i* is an eligible entity 

7z def9$ 9 section #ejjc7;a7 ( !        
,am]ican ,rescue ,plan ,act ( #bjba7    
:i*-- 7,i7 0 e/abli%$ be=e ,m>* #ad1    
#bjbj1  7,,ii7 submitt$ an application =
 a grant "u section #ejjc7;c7 ( su* ,act
 9 accordance ) ! proc$ures e/abli%$ by 
! ,adm9i/rator ( ! ,small ,bus9ess      
,adm9i/ration "u su* section1  7,,iii7  
c]tifies to ! ,secret>y 79 su* =m &     
mann] z ! ,secret>y requires7 t su*     
employ] 0 eligible = a grant "u su*     
section1 &  7,,iv7 did n receive any    
grant funds "u su* section due to a lack
 ( fund+1  7ii7 :i* paid applicable     
employm5t taxes ) respect to pay p]iods 
occurr+ 9 at lea/ #b cal5d> qu>t]s (    
cal5d> ye> #bjba1 &  7iii7 :i* meets !  
gross receipts te/ ( subp>agraph 7,b74  
7,b7 ,gross receipts te/ ,an employ]    
meets ! gross receipts te/ ( ?is        
subp>agraph if-- 7i7 ! gross receipts ( 
su* employ] = any applicable cal5d> ye> 
7 less ?an #ej p]c5t ! gross receipts ( 
su* employ] = cal5d> ye> #bjai1 or  7ii7
 ! av]age gross receipts ( su* employ] =

 all applicable cal5d> ye>s 7 less ?an  
#gj p]c5t ! gross receipts ( su* employ]
 = ! cal5d> ye> #bjai4  7,c7 ,applicable
 cal5d> ye> ,= purposes ( ?is p>agraph1 
! t]m applicable cal5d> ye> means any ( 
! foll[+3 7i7 ,cal5d> ye> #bjbj4  7ii7  
,cal5d> ye> #bjba4  7,d7 ,special rule =
 employ]s n 9 exi/5ce = entirety ( #bjai
 ,9 ! case ( any employ] t 0 9 exi/5ce  
be=e ,janu>y #a1 #bjbj1 b n 9 exi/5ce on
 ,janu>y #a1 #bjai1 ! am\nt ( gross     
receipts tak5 into acc\nt = any         
applicable cal5d> ye> %all be ! am\nt ( 
su* gross receipts 7det]m9$ )\t reg>d to
 ?is clause7 multipli$ by ! ratio (--   
7i7 ! numb] ( days dur+ #bjai dur+ :i*  
su* employ] 0 9 exi/5ce1 to  7ii7 #cfe4 
7,e7 ,special rule = employ]s n 9       
exi/5ce be=e #bjbj ,9 ! case ( any      
employ] t 0 n 9 exi/5ce be=e ,janu>y #a1
 #bjbj1 9 apply+ ?is p>agraph-- 7i7 !   
am\nt ( gross receipts = cal5d> ye>     
#bjai %all be equal to ! product (--    
7,i7 ! am\nt ( gross receipts = ! p]iod 
beg9n+ on ! date ! employ] 0 e/abli%$ & 

end+ be=e ,m>* #ad1 #bjbj1 &  7,,ii7 !  
ratio ( #cff to ! numb] ( days 9 ! p]iod
 describ$ 9 subclause 7,i71 &  7ii7 !   
am\nt ( gross receipts = cal5d> ye>     
#bjbj %all be equal to ! product (--    
7,i7 ! am\nt ( gross receipts = ! p]iod 
beg9n+ aft] ,m>* #ac1 #bjbj1 & end+ on  
,decemb] #ca1 #bjbj1 &  7,,ii7 ! ratio (
 #cff to ! numb] ( days 9 ! p]iod       
describ$ 9 subclause 7,i74  7#c7 ,wages 
7,a7 ,9 g5]al ,! t]m wages has ! mean+  
giv5 su* t]m "u section #caba7;a71      
det]m9$ )\t reg>d to p>agraph 7#a7 !re(4
  7,b7 ,exception ,su* t]m %all n       
include any wages tak5 into acc\nt "u   
sections #da1 #de;,a1 #de,p1 #de,s1 #ea1
 & #acif4  7#d7 ,o!r t]ms ,any t]m us$ 9
 ?is section :i* is also us$ 9 ?is *apt]
 %all h ! same mean+ z :5 us$ 9 ?is     
*apt]4  7d7 ,aggregation rule ,all      
p]sons treat$ z a s+le employ] "u       
subsection 7a7 or 7b7 ( section #eb1 or 
subsection 7m7 or 7o7 ( section #dad1   
%all be treat$ z "o employ] = purposes (
 ?is section4  7e7 ,election ,to n take 

c]ta9 wages into acc\nt ,?is section    
%all n apply to s mu* ( ! wages paid by 
an eligible employ] z su* employ] elects
 7at su* "t & 9 su* mann] z ! ,secret>y 
may prescribe7 to n take into acc\nt =  
purposes ( ?is section4  7f7 ,?ird p>ty 
payors ,any cr$it all[$ "u ?is section  
%all be treat$ z a cr$it describ$ 9     
section #ceaa7;d77#b74  7g7 ,treatm5t ( 
deposits ,! ,secret>y %all waive any    
p5alty "u section #ffef = 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  7h7 ,ext5sion ( limitation on 
assessm5t ,not)/&+ section #feja1 !     
limitation on ! "t p]iod = ! assessm5t (
 any am\nt attributable to a cr$it      
claim$ "u ?is section %all n expire be=e
 ! date t is #e ye>s aft] ! lat] (--    
7#a7 ! date on :i* ! orig9al return :i* 
includes ! cal5d> qu>t] ) respect to :i*
 su* cr$it is det]m9$ is fil$1 or  7#b7 
! date on :i* su* return is treat$ z    

fil$ "u section #feja7;b77#b74  7i7     
,regulations & guidance ,! ,secret>y    
%all issue su* =ms1 in/ructions1        
regulations1 & o!r guidance z are       
necess>y-- 7#a7 ) 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 #cejd71 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#b7 to   
prev5t ! avoidance ( ! purposes ( !     
limitations "u ?is section1 includ+     
?r\gh ! leaseback ( employees4  ,any    
=ms1 in/ructions1 regulations1 or o!r   
guidance describ$ 9 p>agraph 7#a7 %all  
require ! cu/om] to be responsible = !  
acc\nt+ ( ! cr$it & = any liability =   
improp]ly claim$ cr$its & %all require !
 c]tifi$ pr(essional employ]            
organization or o!r ?ird p>ty payor to  
accurately report su* tax cr$its bas$ on

 ! in=mation provid$ by ! cu/om]4  7j7  
,application ,?is section %all only     
apply to wages paid aft] ,decemb] #ca1  
#bjbb1 & be=e ,janu>y #a1 #bjbd4  4  7b7
 ,refunds ,p>agraph 7#b7 ( section      
#acbd7;b7 ( title #ca1 ,unit$ ,/ates    
,code1 is am5d$ by ins]t+ 8#cace10 aft] 
8#cacd04  7c7 ,cl]ical am5dm5t ,! table 
( sections = sub*apt] ,d ( *apt] #ba (  
subtitle ,c ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+3  ,sec4 #cace4 ,re/aurant        
revitalization cr$it4  4  7d7           
,coord9ation ) ,small ,bus9ess          
,adm9i/ration ,! ,adm9i/rator ( ! ,small
 ,bus9ess ,adm9i/ration %all coord9ate )
 & provide in=mation to ! ,secret>y ( ! 
,treasury 7or ! ,secret>y's delegate7 to
 assi/ 9 id5tify+ employ]s t are        
eligible = ! cr$it all[$ by section     
#cace ( ! ,int]nal ,rev5ue ,code (      
#aihf1 z add$ by ?is section4  7e7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to cal5d> qu>t]s     
beg9n+ aft] ,decemb] #ca1 #bjbb4