White House adds tax credit for businesses to incentivize vaccinations


Photography: Shutterstock

Restaurant owners can now benefit from a tax credit to offset the cost of paid leave for employees to be vaccinated against COVID.

The tax credit also covers the cost of paid time off to help employees recover from the side effects of vaccination, President Biden said on Wednesday.

The incentive applies to all businesses with fewer than 500 employees and covers up to $ 511 per day of paid sick leave between April 1 and September 30. White House mentionned. The credit covers up to 10 working days.

“Providing paid time off for immunizations is an investment in the safety, productivity and health of an employer’s workforce and its community,” the White House said in a statement. “No worker in this country should waste a single dollar from their paycheck to take the time to get or recover from the vaccine.”

The tax credit is part of the $ 1.9 trillion U.S. stimulus package signed by Biden in March.

In a speech on Wednesday, Biden said the United States has been on track to administer 200 million COVID vaccines since taking office in January. On Monday, all U.S. residents over 16 became eligible for the vaccine.

A number of restaurant chains had previously offered incentives for workers to get vaccinated. Unit-level employees of Beef ‘O’ Brady’s and The Brass Tap are entitled to a vaccination bonus of $ 100, for example. And chains such as Noodles & Company have offered paid time off for employee vaccinations.

Source link

Leave A Reply

Your email address will not be published.