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RSS FeedsBusinesses could get $25,000 tax credit for coronavirus safety measures
(WorldNews Politics)

 
 

3 july 2020 15:05:32

 
Businesses could get $25,000 tax credit for coronavirus safety measures
(WorldNews Politics)
 


Small businesses, nonprofits and local governments could get reimbursed up to $25,000 a year for money spent on safety measures to protect employees and customers from the coronavirus if a new tax credit introduced by Orange County congressman Harley Rouda becomes law. On Tuesday, Rouda, D-Laguna Beach, and GOP Rep. Brian Mast of Florida introduced the Helping Businesses Reopen Safely Act of 2020, proposing a payroll tax credit that businesses could use to recover 90% of what they spend on masks, plexiglass barriers, disinfectants or other equipment federal authorities deem appropriate to help stop the spread of the pandemic. Under the bill, businesses with fewer than 500 employees...


 
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