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