HR 6799
Keeping the Lights On Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Keeping the Lights On Act of 2020 provides a payroll tax credit to eligible small businesses impacted by COVID-19. This credit, equal to 50% of qualified fixed expenses like mortgage or rent payments, is available to businesses that experienced a significant decline in revenue due to the pandemic and were temporarily suspended. The credit is capped and designed to help these businesses cover essential operating costs, with specific rules regarding eligibility and limitations.
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