TERMINATION OF EMPLOYEE RETENTION CREDIT FOR EMPLOYERS SUBJECT TO CLOSURE DUE TO COVID–19.

SEC. 80604. TERMINATION OF EMPLOYEE RETENTION CREDIT FOR EMPLOYERS SUBJECT TO CLOSURE DUE TO COVID–19.(a) In General.—Section 3134 of the Internal Revenue Code of 1986 is amended—(1) in subsection (c)(5)—(A) in subparagraph (A), by adding “and” at the end, (B) in subparagraph (B), by striking “, and” at the end and inserting a period, and (C) by striking subparagraph (C), and (2) in subsection (n), by striking “January 1, 2022” and inserting “October 1, 2021 (or, in the case of wages paid by an eligible employer which is a recovery startup business, January 1, 2022)”. (b) Effective Date.—The amendments made by this section shall apply to calendar quarters beginning after September 30, 2021.