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House Ways and Means Committee Members Introduce Tax Credit for Hiring Cleaning Companies
June 1, 2020 by PMAA |
Today, Reps. Darin LaHood (R-Ill.) and Stephanie Murphy (D-Fla.), introduced legislation known as the Clean Start Act, which would give businesses a 50 percent tax credit to hire cleaning companies and purchase other products and equipment needed to keep their businesses clean. The lawmakers are likely to make a push to include the legislation in the next COVID-19 response package.
The 50 percent credit would apply to any purchases made through next March and the credit would be capped at $25,000 per business location and $250,000 per business entity.
From PMAA