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United States · Bill · S

S. 551 (117th)

Recovery Startup Assistance Act

referredUnited States· United States Congress· EN

Introduced

2 March 2021

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Recovery Startup Assistance Act This bill expands the employee retention tax credit to include recovery startup businesses. The bill defines recovery startup business as any employer that began a trade or business after February 15, 2020, had less than 50 full-time employees, and did not have gross receipts in excess of $25,000 in the preceding five-year period.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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