Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-8083116th Congress
Preserving Employee Retirement Savings Act of 2020
Sponsored By: Representative Schneider, Bradley Scott [D-IL-10]
Unknown
Summary
Preserving Employee Retirement Savings Act of 2020 This bill allows an employer that has a temporary substantial business hardship and, if not a tax-exempt or cooperative organization, does not have more that $41.5 million in gross receipts a tax credit for 20% of retirement contributions made to employee retirement accounts. The amount of such credit for any employer may not exceed $100,000 in any taxable year.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Schneider, Bradley Scott [D-IL-10]
IL • D
Cosponsors
Rep. Kelly, Mike [R-PA-16]
PA • R
Sponsored 8/21/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov