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RVDA is supporting a bipartisan bill to expand the employee retention tax credit (ERTC). The JOBS Credit Act of 2020 (H.R. 6776) would make several changes to the ERTC, which incentivizes businesses of all sizes to retain employees in active or furloughed status rather than laying them off so they can continue to receive a paycheck, employer-sponsored health insurance, and other benefits. Expanding the ERTC would allow companies to keep employees until the reopening economy grows more robust.
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