[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3552 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 3552

To amend the Taxpayer Certainty and Disaster Tax Relief Act of 2020 to 
    allow qualified tax-exempt organizations to claim the employee 
retention credit for employers affected by qualified disasters against 
                   Medicare hospital insurance taxes.


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                   IN THE SENATE OF THE UNITED STATES

                           December 14, 2023

  Mr. Kennedy introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To amend the Taxpayer Certainty and Disaster Tax Relief Act of 2020 to 
    allow qualified tax-exempt organizations to claim the employee 
retention credit for employers affected by qualified disasters against 
                   Medicare hospital insurance taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CREDIT AGAINST MEDICARE HOSPITAL INSURANCE TAX.

    (a) In General.--Paragraph (1) of section 303(d) of the Taxpayer 
Certainty and Disaster Tax Relief Act of 2020 is amended by striking 
``tax imposed by section 3111(a)'' and inserting ``taxes imposed by 
subsections (a) and (b) of section 3111''.
    (b) Conforming Amendment.--Subparagraph (A) of section 303(d)(3) of 
the Taxpayer Certainty and Disaster Tax Relief Act of 2020 is amended 
by striking ``tax imposed by section 3111(a)'' and inserting ``taxes 
imposed by subsections (a) and (b) of section 3111''.
    (c) Transfers to Trust Funds.--Paragraph (5) of section 303(d) of 
the Taxpayer Certainty and Disaster Tax Relief Act of 2020 is amended 
by inserting ``, the Federal Hospital Insurance Trust Fund established 
under section 1817 of such Act (42 U.S.C. 1395i),'' after ``(42 U.S.C. 
401)''.
    (d) Effective Date.--The amendments made by this section shall 
apply as if included in the enactment of section 303 of the Taxpayer 
Certainty and Disaster Tax Relief Act of 2020.
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