S 3625 · 117th Congress · Taxation

Employee Retention Tax Credit Reinstatement Act

Introduced 2022-02-10· Sponsored by Sen. Hassan, Margaret Wood [D-NH]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2022-02-10)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (13)

8 Democrats4 Republicans1 Independent