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Reinstatement of Employee Retention Tax Credit for COVID-19 Affected Businesses.

This act reinstates the employee retention tax credit for employers who kept staff during the COVID-19 pandemic. Businesses that faced closures due to the pandemic can now claim financial support for wages paid after September 30, 2021, potentially helping to stabilize employment.
Key points
Businesses that retained employees despite COVID-19 closures can once again receive a tax credit.
The changes apply to periods starting October 1, 2021, potentially providing additional financial relief for companies.
The aim is to help employers cover wage costs and maintain jobs during challenging times.
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Status:
Expired
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Additional Information
Print number: 117_S_3625
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2022-02-10
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Employee Retention Tax Credit Reinstatement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3625.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-02-10.

What are the main provisions?

Key points include:

  • Businesses that retained employees despite COVID-19 closures can once again receive a tax credit.
  • The changes apply to periods starting October 1, 2021, potentially providing additional financial relief for companies.
  • The aim is to help employers cover wage costs and maintain jobs during challenging times.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hassan, Margaret Wood [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Labor Economy