HR 615
Keeping the Lights On Act of 2021
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Bill overview
The Keeping the Lights On Act of 2021 provides a payroll tax credit to eligible small businesses impacted by COVID-19. These businesses, which had fewer than 1,500 employees or $41.5 million in 2019 gross receipts and experienced a significant business disruption due to the pandemic, can receive a 50% credit for qualified fixed expenses like mortgage payments, rent, or utilities. The credit is limited based on 2019 expenses or wages, and excess credits are refundable, with certain exceptions for government entities.
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