By NW Valley Times |
Sep 24, 2024
Congressman David Schweikert, along with Congressmen Jared Golden (D-ME), Mike Kelly (R-PA), and Glenn Grothman (R-WI), has introduced the Employee Retention Tax Credit Repeal Act. This bipartisan legislation aims to disallow the processing of Employee Retention Tax Credit (ERTC) claims filed after January 31, 2024. The bill also seeks to increase penalties for those defrauding the government and assist the Internal Revenue Service (IRS) in processing legitimate returns from small businesses.