Tax Extenders Under Consideration with Coronavirus Relief

Law 360 Tax Authority has reported that lawmakers have begun to work on a fourth relief package that could pass Congress by May if the economy continues to sputter from the impact of COVID-19. That measure, which could focus on rebuilding the nation’s crumbling infrastructure, may turn out to be a perfect vehicle for dozens of individual and business tax provisions that expire in 2020, several tax lobbyists said.

Pressure was already starting to build in Congress to include the extenders in federal health care legislation this spring when the virus outbreak hit.

Alaska Republican Sen. Lisa Murkowski, who chairs the Senate Energy and Natural Resources Committee said she expects the tax extenders to move at some point, but she wasn’t certain whether they would be part of the next coronavirus relief bill or part of a December tax package.

Tax Extenders, including the Work Opportunity Tax Credit, WOTC, were last renewed in December through December 31st 2020.

Tax Extenders Could Be Candidate For Next Virus Relief Bill
(Read @ Law360)