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S. 3625

BillFederalSenateIntroduced
To amend the Internal Revenue Code of 1986 to temporarily reinstate the employee retention credit for employers subject to closure due to COVID–19.
About This Bill
Introduced
Congress
117th (2021–2023)
Introduced
February 10, 2022
Cosponsors (13)
8D 4R
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Summary

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Employee Retention Tax Credit Reinstatement Act This bill provides for a reinstatement of the employee retention tax credit through 2021. The credit was established to compensate employers whose businesses were negatively impacted by the COVID-19 pandemic for wages paid to their employees.

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