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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide for improvements related to the employee retention tax credit.


Actions Overview (1)

Date Actions Overview
05/08/2020Introduced in House

All Actions (3)

Date All Actions
05/08/2020Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
05/08/2020Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
05/08/2020Introduced in House
Action By: House of Representatives

Cosponsors (25)


Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means05/08/2020 Referred to
House Small Business05/08/2020 Referred to

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Latest Summary (1)

There is one summary for H.R.6776. View summaries

Shown Here:
Introduced in House (05/08/2020)

Jumpstarting Our Businesses' Success Credit Act of 2020 or the JOBS Credit Act of 2020

This bill increases the employer tax credit for the retention of employees and coordinates such credit with the Payroll Protection Program. Specifically, it increases the rate of the employee retention credit to 80% of up to $15,000 in employee wages per calendar quarter with an increased annual wage cap of $45,000 for all calendar quarters. The bill increases the maximum credit amount to $36,000.

The bill expands the definition of large employer, for credit eligibility purposes, to include employers with more than 1,500 employees and more than $41.5 million in gross receipts in 2019, and requires employers to show a significant decline in gross receipts. It also extends eligibility for the credit to state governmental agencies and Indian tribal governments.

The bill also coordinates the credit with the Paycheck Protection Program to allow employers to claim both programs subject to certain restrictions.