S. 2936 · 117th Congress · Senate

A bill to amend the CARES Act and the Internal Revenue Code of 1986 to modify the treatment of related individuals under the employee retention tax credit.

Active· Read twice and referred to the Committee on Finance.
Introduced
Oct 5, 21
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill modifies the employee retention tax credit (the credit for payment of wages of employees in businesses adversely affected by COVID-19) to eliminate stock attribution rules for individuals related to a taxpayer.

Action Timeline

2
  1. OCT 05, 2021•IntroReferral

    Introduced in Senate

  2. OCT 05, 2021•IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Oct 5, 2021

Active