S. 551 · 117th Congress
Recovery Startup Assistance Act
- Stage
- In committee
- Sponsor
- Maggie Hassan
- Introduced
- 2021-03-02
- Latest action
- 2021-03-02 · Introduced in Senate
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.