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Patriot Bonus Tax Credit Act of 2020
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,062 other HR bills in the 116th — cohort avg 39d
Patriot Bonus Tax Credit Act of 2020 This bill allows employers a employment tax credit for qualified bonuses paid to their employees after March 12, 2020, and before January 1, 2021. The credit is equal to 50% of such bonuses paid in a calendar quarter taking into account not more than $25,000 for any employee for all calendar quarters. The bill defines qualified bonus as wages paid to an employee that include overtime or hazardous pay, supplemental payments made for the convenience of the employer, payments to retain staff at essential facilities, or other payments made to employees due to extraordinary businesses and economic conditions.
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Filing registrants (2)
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R.25 - To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States (Rob Woodall, R-GA) H.R.216 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income (Jason Smith, R-MO) S.3280 - A bill to amend the Internal Revenue Code of 1986 to clarify that high-taxed amounts are excluded from tested income for purposes of determining global intangible low-taxed income only if such amounts would be foreign base company income or insurance income (Ron Wyden, D-OR) H.R.6354 - To amend the Internal Revenue Code of 1986 to provide a one-time emergency tax credit to small businesses to cover rent and mortgage payments (Ron Kind, D-WI-3) S.3553 - A bill to modify the schedule for estimated tax payments for 2020 (David Perdue, R-GA) H.R.6551 - To amend the CARES Act to ensure that the temporary relief from CECL standards does not terminate in the middle of a company's fiscal year (Brad Sherman, D-CA-30) H.R.6619 - Restore America's Main Street Act - To amend the Internal Revenue Code of 1986 to provide advance tax refunds to small businesses, and for other purposes (Madeline Dean, D-PA-4) H.R.6629 - To provide a payroll tax credit to employers for employee bonuses (Bill Huizenga, R-MI-2) S.3596 - A bill to make technical corrections to the CARES Act to remove all tax liability associated with loan forgiveness under the Paycheck Protection Program (Mike Braun, R-IN) H.R.6781 - To provide for improved coordination between the paycheck protection program and the employee retention tax credit (Chris Pappas, D-NH-1) H.R.6776 - To provide for improvements related to the employee retention tax credit (Stephanie Murphy, D-FL-7) H.R.6754 - To provide clarification regarding the tax treatment of expenses paid or incurred with proceeds from Paycheck Protection Program loans (Lizzie Fletcher, D-TX-7) H.R.6821 - To clarify for purposes of the Internal Revenue Code of 1986 that receipt of coronavirus assistance does not affect the tax treatment of ordinary business expenses (George Holding, R-NC-2) H.R.6886 - To amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes (Chip Roy, R-TX-21) H.R.6920 - To temporarily suspend payroll taxes during the emergency relating to COVID-19 (Ross Spano, R-FL-15) S.3793 - A bill to amend the CARES Act to modify the employee retention tax credit to secure the paychecks and benefits of workers, to provide a refundable credit against payroll taxes for the operating costs of employers, to amend the Internal Revenue Code of 1986 to provide a small business rebate, and for other purposes (Mark Warner, D-VA) H.R.7058 - To provide a payroll tax credit for certain bonuses paid to employees who worked continuously during the COVID-19 pandemic (Tom Reed, R-NY-23) H.R.7079 - To amend the Internal Revenue Code of 1986 to provide a tax credit ensure that businesses are properly cleaned and disinfected when "stay-at-home" restrictions are lifted and to help prevent further infections (Darin LaHood, R-IL-18) H.R.7216 - To amend the Internal Revenue Code of 1986 to provide a tax credit for personal protective equipment to small businesses, non-profits, independent contractors, veterans' organizations, and farmers, among other entities, in any year in which the President declares a national emergency relating to COVID-19 (Brenda Lawrence, D-MI-14) H.R.7222 - To provide for a credit against employment taxes for certain virus transmission prevention expenses, and for other purposes (Jimmy Panetta, D-CA-20) S.3966 - A bill to provide a tax credit to businesses that provide testing for COVID-19 to their employees (Ted Cruz, R-TX)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $470,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2020 · third_quarter · Taxation/Internal Revenue Code
H.R.25 - To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States (Rob Woodall, R-GA) , ALL PROVISIONS H.R.216 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income (Jason Smith, R-MO) , ALL PROVISIONS S.3280 - A bill to amend the Internal Revenue Code of 1986 to clarify that high-taxed amounts are excluded from tested income for purposes of determining global intangible low-taxed income only if such amounts would be foreign base company income or insurance income (Ron Wyden, D-OR) , ALL PROVISIONS H.R.6354 - To amend the Internal Revenue Code of 1986 to provide a one-time emergency tax credit to small businesses to cover rent and mortgage payments (Ron Kind, D-WI-3) , ALL PROVISIONS S.3553 - A bill to modify the schedule for estimated tax payments for 2020 (David Perdue, R-GA) , ALL PROVISIONS H.R.6551 - To amend the CARES Act to ensure that the temporary relief from CECL standards does not terminate in the middle of a company's fiscal year (Brad Sherman, D-CA-30) , ALL PROVISIONS H.R.6619 - Restore America's Main Street Act - To amend the Internal Revenue Code of 1986 to provide advance tax refunds to small businesses, and for other purposes (Madeline Dean, D-PA-4) , ALL PROVISIONS H.R.6629 - To provide a payroll tax credit to employers for employee bonuses (Bill Huizenga, R-MI-2) , ALL PROVISIONS S.3596 - A bill to make technical corrections to the CARES Act to remove all tax liability associated with loan forgiveness under the Paycheck Protection Program (Mike Braun, R-IN) , ALL PROVISIONS H.R.6781 - To provide for improved coordination between the paycheck protection program and the employee retention tax credit (Chris Pappas, D-NH-1) , ALL PROVISIONS H.R.6776 - To provide for improvements related to the employee retention tax credit (Stephanie Murphy, D-FL-7) , ALL PROVISIONS H.R.6754 - To provide clarification regarding the tax treatment of expenses paid or incurred with proceeds from Paycheck Protection Program loans (Lizzie Fletcher, D-TX-7) , ALL PROVISIONS H.R.6821 - To clarify for purposes of the Internal Revenue Code of 1986 that receipt of coronavirus assistance does not affect the tax treatment of ordinary business expenses (George Holding, R-NC-2) , ALL PROVISIONS H.R.6886 - To amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes (Chip Roy, R-TX-21) , ALL PROVISIONS H.R.6920 - To temporarily suspend payroll taxes during the emergency relating to COVID-19 (Ross Spano, R-FL-15) , ALL PROVISIONS S.3793 - A bill to amend the CARES Act to modify the employee retention tax credit to secure the paychecks and benefits of workers, to provide a refundable credit against payroll taxes for the operating costs of employers, to amend the Internal Revenue Code of 1986 to provide a small business rebate, and for other purposes (Mark Warner, D-VA) , ALL PROVISIONS H.R.7058 - To provide a payroll tax credit for certain bonuses paid to employees who worked continuously during the COVID-19 pandemic (Tom Reed, R-NY-23) , ALL PROVISIONS H.R.7079 - To amend the Internal Revenue Code of 1986 to provide a tax credit ensure that businesses are properly cleaned and disinfected when "stay-at-home" restrictions are lifted and to help prevent further infections (Darin LaHood, R-IL-18) , ALL PROVISIONS H.R.7216 - To amend the Internal Revenue Code of 1986 to provide a tax credit for personal protective equipment to small businesses, non-profits, independent contractors, veterans' organizations, and farmers, among other entities, in any year in which the President declares a national emergency relating to COVID-19 (Brenda Lawrence, D-MI-14) , ALL PROVISIONS H.R.7222 - To provide for a credit against employment taxes for certain virus transmission prevention expenses, and for other purposes (Jimmy Panetta, D-CA-20) , ALL PROVISIONS S.3966 - A bill to provide a tax credit to businesses that provide testing for COVID-19 to their employees (Ted Cruz, R-TX) , ALL PROVISIONS
Client expense: $550,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2020 · second_quarter · Disaster Planning/Emergencies
Support for recognition of public works professionals as first responders, emergency preparedness grants, and cybersecurity funding H.R. 6800 - The HEROES Act H.R.6629 - Patriot Bonus Tax Credit Act of 2020
Client expense: $30,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Taxation/Internal Revenue Code
H.R.25 - To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States (Rob Woodall, R-GA) H.R.216 - To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income (Jason Smith, R-MO) S.3280 - A bill to amend the Internal Revenue Code of 1986 to clarify that high-taxed amounts are excluded from tested income for purposes of determining global intangible low-taxed income only if such amounts would be foreign base company income or insurance income (Ron Wyden, D-OR) H.R.6354 - To amend the Internal Revenue Code of 1986 to provide a one-time emergency tax credit to small businesses to cover rent and mortgage payments (Ron Kind, D-WI-3) S.3553 - A bill to modify the schedule for estimated tax payments for 2020 (David Perdue, R-GA) H.R.6551 - To amend the CARES Act to ensure that the temporary relief from CECL standards does not terminate in the middle of a company's fiscal year (Brad Sherman, D-CA-30) H.R.6619 - Restore America's Main Street Act - To amend the Internal Revenue Code of 1986 to provide advance tax refunds to small businesses, and for other purposes (Madeline Dean, D-PA-4) H.R.6629 - To provide a payroll tax credit to employers for employee bonuses (Bill Huizenga, R-MI-2) S.3596 - A bill to make technical corrections to the CARES Act to remove all tax liability associated with loan forgiveness under the Paycheck Protection Program (Mike Braun, R-IN) H.R.6781 - To provide for improved coordination between the paycheck protection program and the employee retention tax credit (Chris Pappas, D-NH-1) H.R.6776 - To provide for improvements related to the employee retention tax credit (Stephanie Murphy, D-FL-7) H.R.6754 - To provide clarification regarding the tax treatment of expenses paid or incurred with proceeds from Paycheck Protection Program loans (Lizzie Fletcher, D-TX-7) H.R.6821 - To clarify for purposes of the Internal Revenue Code of 1986 that receipt of coronavirus assistance does not affect the tax treatment of ordinary business expenses (George Holding, R-NC-2) H.R.6886 - To amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes (Chip Roy, R-TX-21) H.R.6920 - To temporarily suspend payroll taxes during the emergency relating to COVID-19 (Ross Spano, R-FL-15) S.3793 - A bill to amend the CARES Act to modify the employee retention tax credit to secure the paychecks and benefits of workers, to provide a refundable credit against payroll taxes for the operating costs of employers, to amend the Internal Revenue Code of 1986 to provide a small business rebate, and for other purposes (Mark Warner, D-VA) H.R.7058 - To provide a payroll tax credit for certain bonuses paid to employees who worked continuously during the COVID-19 pandemic (Tom Reed, R-NY-23) H.R.7079 - To amend the Internal Revenue Code of 1986 to provide a tax credit ensure that businesses are properly cleaned and disinfected when "stay-at-home" restrictions are lifted and to help prevent further infections (Darin LaHood, R-IL-18) H.R.7216 - To amend the Internal Revenue Code of 1986 to provide a tax credit for personal protective equipment to small businesses, non-profits, independent contractors, veterans' organizations, and farmers, among other entities, in any year in which the President declares a national emergency relating to COVID-19 (Brenda Lawrence, D-MI-14) H.R.7222 - To provide for a credit against employment taxes for certain virus transmission prevention expenses, and for other purposes (Jimmy Panetta, D-CA-20) S.3966 - A bill to provide a tax credit to businesses that provide testing for COVID-19 to their employees (Ted Cruz, R-TX)
Client expense: $550,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)