Major Provisions of the Families First Coronavirus Response Act FFRCA Analysis Webinar - ACI - March 24, 2020 - FI | Page 11

EMPLOYER TAX CREDITS
PAYROLL TAX CREDIT (REFUNDABLE)
CREDIT AMOUNT:
•
•
•
•
100% Reimbursement for Public Health Emergency Leave Wages+
100% Reimbursement for Sick Leave Wages+
(Additional) Credit for health insurance cost
Capped at $511 or $200 per employee per day (wages)
+ health ins coverage
EASING COMPLIANCE
• Requirements subject to 30-day non-enforcement period for good faith
compliance efforts
 SELF-EMPLOYED INDIVIDUALS RECEIVE EQUIVALENT CREDIT
• More information needed – reduce estimated payments
11