Bill > HR7431

This bill provides a payroll tax credit for small businesses, tax-exempt organizations, and governmental employers to cover 90% of the cost of providing personal protective equipment (PPE) such as masks, face coverings, hand sanitizers, and other items to their employees and customers. The credit is limited to the lesser of $6,250 or 2% of the employer's gross receipts (or 0.5% of their 2019 gross receipts) per calendar quarter, and it is refundable if it exceeds the employer's payroll tax liability. The bill defines eligible employers as those with fewer than 500 full-time employees, and excludes certain tax-exempt organizations and federal/foreign government agencies. The credit is available for calendar quarters starting after December 31, 2019 and before January 1, 2022, and the Secretary of the Treasury is directed to issue guidance to facilitate the credit's implementation.

Budget and Finance

https://www.congress.gov/bill/116th-congress/house-bill/7431/all-info