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Raising the Profile of ERTC Relief

March 09, 2022 4:29 PM | Chelsey Blakenship (Administrator)

One of the most significant policy priorities of the nonprofit community is restoration of the Employee Retention Tax Credit (ERTC), the refundable payroll tax credit that Congress created at the outset of the pandemic, but retroactively repealed in November. A coalition of businesses and nonprofits sent a letter to congressional leaders encouraging them to reinstate the ERTC by inserting the Employee Retention Tax Credit Reinstatement Act (H.R.6161/S.3625) in upcoming legislation. A few days later, 30 Members of Congress, half Democrats and half Republicans, sent their own letter to their leaders calling for reinstating the credit “to help struggling small businesses and nonprofits who were counting on the ERTC to pay their employees through the end of the year.” The ERTC Reinstatement Act would restore the incentive for the fourth quarter of 2021. Nonprofits are also seeking extension and expansion of the ERTC as described in the nonprofit priorities letter.

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