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Legislative update: U.S. Senate passes bill including tax relief for paid leave relating to coronavirus (COVID-19)

U.S. Senate passes bill including tax relief

The U.S. Senate today, March 18, 2020, passed (by a vote of 90 to 8) H.R. 6201, the “Families First Coronavirus Response Act”—a bill passed by the House on March 17 that includes temporary tax credits for certain employers and self-employed individuals for emergency paid leave.

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The staff of the Joint Committee on Taxation (JCT) has estimated that the tax credit provisions in H.R. 6201 would lose approximately $104.9 billion over two years.

Documents

  • Read text of H.R. 6201 [PDF 346 KB] (112 pages) as passed by the House
  • Read a technical explanation of the bill, provided by the JCT: JCX-10-20
  • Read a revenue estimate provided by the JCT: JCX-9-20  

Read about the bill as passed by the House on March 17, 2020: TaxNewsFlash

 

What’s next?

The president indicated on March 12, 2020, that he would sign H.R. 6201.

Congress has already begun discussions of further COVID-19 related legislation that could include additional tax provisions.

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