Summary: S.4178 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4178. Bill summaries are authored by CRS.

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Introduced in Senate (07/02/2020)

This bill allows employers with not more than 2,000 full-time employees and certain tax-exempt organizations a payroll tax credit for 50% of their expenses for equipment, services, and training for preventing the transmission of the coronovirus (i.e., the virus that causes COVID-19). The bill limits the amount of such expenses that may be taken into account for purposes of calculating the credit and the period of applicability from February 1, 2020, and beginning before January 1, 2022.