Close Menu
AGC NewsAGC News
  • Home
  • News
    • Advocacy
    • Economics
    • Energy & Environment
    • Infrastructure
    • Building
    • Procurement
    • Labor & HR
    • Safety & Health
    • Technology
    • Workforce Development
  • AGC Videos
  • Constructor Magazine
    • Digital Publications
    • Online Exclusives
    • Sponsored Content
  • ConstructorCast
  • News Releases
Latest News

Trump Administration Pauses Enforcement on Portions of the Mental Health Parity Rules

May 29, 2025

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

SCOTUS Narrows the Scope of Environmental Review

May 29, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
AGC NewsAGC News
  • Home
  • News
    • Advocacy
    • Economics
    • Energy & Environment
    • Infrastructure
    • Building
    • Procurement
    • Labor & HR
    • Safety & Health
    • Technology
    • Workforce Development
  • AGC Videos
  • Constructor Magazine
    • Digital Publications
    • Online Exclusives
    • Sponsored Content
  • ConstructorCast
  • News Releases
AGC NEWSLETTERS
AGC NewsAGC News
Home » AGC-Backed Bill to Extend Employee Retention Tax Credit Introduced in Senate
Tax

AGC-Backed Bill to Extend Employee Retention Tax Credit Introduced in Senate

February 10, 2022Updated:December 6, 2023No Comments2 Mins Read
Facebook Twitter LinkedIn Email
Employee retention tax credit papers and folder.
Share
Facebook Twitter LinkedIn Email

On February 10, Senators Maggie Hassan (D-N.H.), Tim Scott (R-S.C.), Mark Warner (D-Va.), Shelly Moore Capito (R-W.Va.), and Ben Cardin (D-Md.) introduced AGC-supported legislation to extend the employee retention tax credit (ERTC) through the end of 2021. The Senate bill mirrors AGC-supported legislation introduced in the House of Representatives last month by Reps. Carol Miller (R-W.Va.) and Stephanie Murphy (D-Fla.).

The ERTC, created as part of the CARES Act in 2020, was extended and expanded through the end of 2021, but was subsequently ended early (on September 30, 2021) after passage of the Infrastructure Investment and Jobs Act, which rolled back the credit as a “pay-for.” Unfortunately, due to the protracted negotiations between House and Senate leaders, the bill didn’t become law until well after September 30, meaning that some contractors who claimed the credit in the fourth quarter will face a retroactive tax increase absent Congressional action.

AGC is working with a coalition of over 70 trade associations to see that this legislation is passed in a timely manner. Upon introduction of the bill, AGC Chief Executive Officer said, “This tax credit was key to helping many construction firms retain their employees during the pandemic. Many firms continued to struggle with project delays and cancellations, supply chain disruptions and other COVID-related challenges through the end of 2021 and reinstating the credit will prevent an unwanted retroactive tax increase on unsuspecting contractors and help preserve high-paying construction jobs going forward.”

If you have any questions or would like more information about the Employee Retention Tax Credit, please contact Matthew Turkstra, Sr. Director of Building and Infrastructure Finance, at (202) 547-4733 or matthew.turkstra@agc.org.

Building Federal/Heavy Highway Infrastructure Utility
Share. Facebook Twitter LinkedIn Email

Related News

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

SCOTUS Narrows the Scope of Environmental Review

May 29, 2025

Construction Jobs Increase In 184 Metro Areas Between April 2024 And April 2025

May 28, 2025

DOD and GSA Must Follow PLA Mandate for Now, Court Rules

May 27, 2025
Add A Comment
Leave A Reply Cancel Reply

Latest News

Trump Administration Pauses Enforcement on Portions of the Mental Health Parity Rules

May 29, 2025

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

SCOTUS Narrows the Scope of Environmental Review

May 29, 2025

Your source for AGC news. Find us on social media to learn more about the Associated General Contractors of America.

Connect with us:

Facebook X (Twitter) Instagram YouTube LinkedIn
© 2025 Associated General Contractors of America.
  • Home
  • AGC.org
  • Get In Touch
  • Convention
  • Notice of Permission to Use
  • Privacy Policy
  • Antitrust Policy

Type above and press Enter to search. Press Esc to cancel.