From Washington

TGA Again Urges Congress to Expand Employee Retention Tax Credit

TGA Again Urges Congress to Expand Employee Retention Tax Credit

On June 17, TGA again joined over 100 other organizations in urging Congressional leadership to approve the bipartisan JOBS Credit Act (H.R. 6776). The legislation would expand the employee retention tax credit (ERTC) by expanding the credit percentage from 50% to 80% of qualified wages; increasing the per-employee limitation from $10,000 for all calendar quarters to $15,000 per calendar quarter (and an aggregate of $45,000 for all calendar quarters); and creating a phased-in credit, which will allow employers with more than a 20% decline in gross receipts to be eligible for a portion of the credit.

TGA Letter Urging U.S. Government to Establish Uniform Regulations for Protecting American Flying Public During Pandemic

TGA Letter Urging U.S. Government to Establish Uniform Regulations for Protecting American Flying Public During Pandemic

TGA has drafted a letter urging the Trump administration to immediately implement uniform safety regulations to protect the flying public as our country emerges from this pandemic. Without uniform regulations, Americans will face a myriad of conflicting regulations that differ by airport and differ by airline, creating confusion, and instilling fear that America’s skies are not safe to fly just as we enter the critical summer travel season. Please let TGA’s Nate Herman know by this Friday, June 12 whether TGA should send the draft letter and, if so, what other organizations could/should join TGA on the letter (like NLDA).

Trump Signs Paycheck Protection Program (PPP) Flexibility Act into Law

Trump Signs Paycheck Protection Program (PPP) Flexibility Act into Law

On June 5, President Trumped signed into law the Paycheck Protection Program (PPP) Flexibility Act. The law will modify the PPP by extending the expense forgiveness period from 8 weeks to 24 weeks; reducing the 75% payroll ratio requirement to 60%; expanding loan repayment restrictions from 2 years to 5 years; and extending the June 30 rehiring deadline to December 31, 2020.

Should TGA Support Fixing the Employee Retention Tax Credit?

Should TGA Support Fixing the Employee Retention Tax Credit?

TGA would like to sign a letter endorsing the bipartisan JOBS Credit Act (H.R. 6776), legislation that would fix the employee retention tax credit (ERTC) by expanding the credit percentage from 50% to 80% of qualified wages; increasing the per-employee limitation from $10,000 for all calendar quarters to $15,000 per calendar quarter (and an aggregate of $45,000 for all calendar quarters); and creating a phased-in credit, which will allow employers with more than a 20% decline in gross receipts to be eligible for a portion of the credit. Please let TGA’s Nate Herman know by this Friday, June 12 whether TGA should sign the letter endorsing the legislation.