Employee Retention and Employee Retention and Rehiring Tax Credits [January 7, 2021] [open pdf - 465KB]
From the Document: "The March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) included an employee retention tax credit designed to help businesses retain employees during the Coronavirus Disease 2019 (COVID-19) public health emergency. The credit was modified and expanded in December 2020, becoming the employee retention and rehiring tax credit, in the COVID-related Tax Relief Act of 2020 (enacted as Subtitle B to Title II of Division N of the Consolidated Appropriations Act, 2021; P.L. 116-260)."
CRS In Focus. IF11721
Congressional Research Service: https://crsreports.congress.gov/