Employee Retention Tax Credit Reinstatement Act
This bill provides for a reinstatement of the employee retention tax credit through 2021. The credit was established to compensate employers whose businesses were negatively impacted by the COVID-19 pandemic for wages paid to their employees.
To amend the Internal Revenue Code of 1986 to temporarily reinstate the 
   employee retention credit for employers subject to closure due to 
                               COVID-19.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Employee Retention Tax Credit 
Reinstatement Act''.

SEC. 2. TEMPORARY REINSTATEMENT OF EMPLOYEE RETENTION CREDIT FOR 
              EMPLOYERS SUBJECT TO CLOSURE DUE TO COVID-19.

    (a) In General.--Section 3134 of the Internal Revenue Code of 1986 
(as amended by section 80604 of the Infrastructure Investment and Jobs 
Act) is amended--
            (1) in subsection (c)(5), by striking ``and'' at the end of 
        subparagraph (A), by striking the period at the end of 
        subparagraph (B) and inserting ``, and'', and by adding at the 
        end the following new subparagraph:
                    ``(C) which, with respect to such calendar quarter, 
                is not described in subclause (I) or (II) of paragraph 
                (2)(A)(ii).'', and
            (2) in subsection (n), by striking ``October 1, 2021 (or, 
        in the case of wages paid an eligible employer which is a 
        recovery startup business, January 1, 2022)'' and inserting 
        ``January 1, 2022''.
    (b) Effective Date.--The amendments made by this section shall 
apply to calendar quarters beginning after September 30, 2021.
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Employee Retention Tax Credit Reinstatement Act
A bill to amend the Internal Revenue Code of 1986 to temporarily reinstate the employee retention credit for employers subject to closure due to COVID-19.
Employee Retention Tax Credit Reinstatement Act
Sen. Hassan, Margaret Wood