HR 7874
Construction Jobs During Coronavirus Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Construction Jobs During Coronavirus Act, temporarily provides a zero percent federal income tax rate on income earned by businesses involved in building homes during the COVID-19 public health emergency. It aims to support jobs in the construction industry by reducing tax burdens for home construction companies. The tax break applies to income properly attributed to this trade or business, and it remains in effect until the nationwide public health emergency related to COVID-19 is officially declared over. The bill also directs the Treasury Secretary to create regulations for proper implementation.
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