Bill116th CongressFiled Aug 21, 2020Taxation
H.R. 8083
Preserving Employee Retirement Savings Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Aug 21, 2020)
Preserving Employee Retirement Savings Act of 2020
This bill allows an employer that has a temporary substantial business hardship and, if not a tax-exempt or cooperative organization, does not have more that $41.5 million in gross receipts a tax credit for 20% of retirement contributions made to employee retirement accounts. The amount of such credit for any employer may not exceed $100,000 in any taxable year.
What just happenedAug 21, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Schneider, Bradley Scott [D-IL-10](D-IL)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions4subjects
- Introduced in HouseAug 21, 2020
- Aug 21, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 21, 2020IntroReferralIntro-H
Introduced in House
- Aug 21, 2020IntroReferral1000
Introduced in House