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Congress.gov, H.R.6776, "JOBS Credit Act of 2020," 116th Congress (Internet Archive copy of Aug. 13, 2025)

Summary

A Congress.gov bill page, as preserved by the Wayback Machine, for H.R.6776, the JOBS Credit Act of 2020, 116th Congress, sponsored by Rep. Murphy, Stephanie N. and introduced 05/08/2020. The page records the latest action as referral on 05/08/2020 to the Committee on Ways and Means and the Committee on Small Business. The CRS summary states that the bill increases the employee retention credit to 80% of up to $15,000 in wages per calendar quarter, with an annual wage cap of $45,000 and a maximum credit of $36,000. It expands eligibility to employers with more than 1,500 employees and more than $41.5 million in gross receipts in 2019, and to state governmental agencies and Indian tribal governments, and coordinates the credit with the Paycheck Protection Program.

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Cite this document

“Congress.gov, H.R.6776, ‘JOBS Credit Act of 2020,’ 116th Congress (Internet Archive copy of Aug. 13, 2025).” Original at www.congress.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/congress-gov-h-r-6776-jobs-credit-act-of-2020-116th-congress-internet-9d8ca89173/, SHA-256 500fa1dfc1dbe3cce282a10fcb166dfef2f2b50df04a9c1a241aeeb44e5573fd.

Full text

The Wayback Machine - https://web.archive.org/web/20250813153610/https://www.congress.gov/bill/116th-congress/house-bill/6776




     H.R.6776 - JOBS Credit Act of 2020
     116th Congress (2019-2020)



        Sponsor:       Rep. Murphy, Stephanie N. [D-FL-7] (Introduced 05/08/2020)
        Committees: House - Ways and Means; Small Business
        Latest Action: House - 05/08/2020 Referred to the Committee on Ways and Means, and in addition to the Committee
                       on Small Business, for a period to be subsequently determined by the Speaker, in each case for
                       consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)
        Tracker:        Introduced




     Summary(1)      Text(1)   Actions(3)   Titles(3)   Amendments(0)    Cosponsors(25)      Committees(2)    Related Bills(3)


            Listen
                              

     There is one summary for H.R.6776. Bill summaries are authored by CRS.


     Shown Here:
     Introduced in House (05/08/2020)
     Jumpstarting Our Businesses' Success Credit Act of 2020 or the JOBS Credit Act of 2020


     This bill increases the employer tax credit for the retention of employees and coordinates such credit with the Payroll Protection
     Program. Specifically, it increases the rate of the employee retention credit to 80% of up to $15,000 in employee wages per
     calendar quarter with an increased annual wage cap of $45,000 for all calendar quarters. The bill increases the maximum credit
     amount to $36,000.


     The bill expands the definition of large employer, for credit eligibility purposes, to include employers with more than 1,500
     employees and more than $41.5 million in gross receipts in 2019, and requires employers to show a significant decline in gross
     receipts. It also extends eligibility for the credit to state governmental agencies and Indian tribal governments.

     The bill also coordinates the credit with the Paycheck Protection Program to allow employers to claim both programs subject to
     certain restrictions.

File and source

File
5279efc543bd0c6e.pdf
Size
132,770 bytes
SHA-256
500fa1dfc1dbe3cce282a10fcb166dfef2f2b50df04a9c1a241aeeb44e5573fd
Our copy
5279efc543bd0c6e.pdf
Original
www.congress.gov
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