President Signs Hurricane Tax Relief Legislation - Erie News Now | WICU & WSEE in Erie, PA

President Signs Hurricane Tax Relief Legislation

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE Ryan

DALLAS, Oct. 6, 2017 /PRNewswire/ -- On September 29, 2017, President Trump signed H.R. 3823: Disaster Tax Relief and Airport and Airway Extension Act of 2017 into law. Several tax benefits are outlined in the Act. The Employee Retention Tax Credit is a tax credit that can be utilized by employers left inoperable by the devastation caused by Hurricanes Harvey, Irma, and Maria. The Act allows employers to claim a tax credit equal to 40%, up to $6,000, of the wages paid to an employee if their location of employment was in a core disaster area. The credit also applies to wages paid during the time that the business remained inoperable. Eligible areas are areas declared "hurricane disaster areas" by the President before September 21, 2017.

Businesses that were or remain inoperable during the following periods of time may qualify for the Employee Retention Tax Credit:

  • Hurricane Harvey: August 23, 2017January 1, 2018
  • Hurricane Irma: September 4, 2017January 1, 2018
  • Hurricane Maria: September 16, 2017January 1, 2018

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.

Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States. (PRNewsFoto/Ryan)

TECHNICAL INFORMATION CONTACTS:

Allea Newbold
Principal
Ryan
813.228.7100
allea.newbold@ryan.com

Matt Lowell
Manager
Ryan
321.251.2924
matt.lowell@ryan.com

 

View original content with multimedia:http://www.prnewswire.com/news-releases/president-signs-hurricane-tax-relief-legislation-300532668.html

©2017 PR Newswire. All Rights Reserved.

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2017 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com