House Bill 6221
116th Congress(2019-2020)
Paid Sick Leave Credit Act of 2020
Introduced
Introduced in House on Mar 12, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6221
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Paid Sick Leave Credit Act of 2020
This bill allows employers a payroll tax credit for required sick leave paid to their employees. The credit is equal to the excess of 90% of sick leave wages paid pursuant to the Emergency Paid Sick Leave Act over the aggregate credits allowed to employers for all prior calendar quarters. The bill limits the amount of wages that may be taken into account for purposes of the credit to $511 for any day an employee is on sick leave and $7,156 in the aggregate for any four consecutive calendar quarters.
The bill requires transfers to specified Social Security trust funds to cover any reduction in revenue due to the tax credit allowed by this bill.
March 12, 2020
03/12/2020
Referred to the House Committee on Ways and Means.
03/12/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:31 PM