Federal Updates:Employee Retention Tax Credit Reinstatement Act HR 6161, the bipartisan House Bill introduced in December 2021, would restore eligibility for the ERTC for the fourth quarter of 2021. This would potentially impact your nonprofit’s bottom line by providing a refundable tax credit. Learn more here. Over 40 national charitable nonprofits have signed the ERTC coalition letter in support of the renewal of this legislation. It is now open for regional organizations to sign. Bringing the issue to the Senate, S 3625 was introduced, with bipartisan support, on February 10, 2022 to temporarily reinstate the ERTC for employers subject to closure due to COVID-19. More information will become available as this bill moves through the senate. Happening Now in IdahoThe most important legislative items affecting nonprofits in Idaho:
Idaho Nonprofit Center Bill Tracker Track the status of all bills mentioned in the Legislative Watch as they make their way through the legislation using the online 2022 Bill Tracker. Idaho Legislature is Back in Session!To stay up to date on what is happening in the 2022 Legislation and for more information, visit legislature.idaho.gov. Find the House Committee Agendas here Find the Senate Committee Agendas here You can access live audio/video streaming of sessions here We will be hard at work tracking and educating on each bill that is relevant to nonprofits. Stay tuned! Stay Connected with the Idaho Legislature: Idaho in Session & Idaho ReportsIdaho Public Television offers Idaho In Session, a gavel-to-gavel service that includes live on-air and online coverage of the Idaho Legislature. Meetings of the Joint Finance-Appropriations Committee (JFAC) and all other committees will be available online at idahoptv.org/insession. Now in its 50th season, Idaho Reports, IdahoPTV’s weekly legislative news show, continues to bring viewers state government news and analysis, including updates on education, taxes and voter initiatives, and the latest on the COVID-19 pandemic each Friday at 8 PM. Look for Idaho Reports in audio form wherever you find your favorite podcasts, and read breaking news updates on the Idaho Reports blog at blog.idahoreports.idahoptv.org.
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