<div><p> The potentially lucrative Employee Retention Credit is, once again, the target of a repeal effort. If successful, it would roll back many claims made this year.&lt;\p&gt; </p><p> U.S. Sens. Mitt Romney, R-Utah; Thom Tillis, R-N.C.; and Joe Manchin, I-W.V., on Sept. 18 introduced the <a href=https://www.romney.senate.gov/wp-content/uploads/2024/09/ERTC-Repeal-Act.pdf rel="nofollow noopener" target=_blank> Employee Retention Tax Credit Repeal Act </a> , which would end the credit for any claims submitted after Jan. 31, 2024, which, they say, would help save about $79 billion over 10 years. &lt;\p&gt; </p></div>

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Newly filed bill aims to repeal lucrative small-business tax credit

The potentially lucrative Employee Retention Credit is, once again, the target of a repeal effort. If successful, it would roll back many claims made this year.<\\p>
U.S. Sens. Mitt Romney, R-Utah; Thom Tillis, R-N.C.; and Joe Manchin, I-W.V., on Sept. 18 introduced the Employee Retention Tax Credit Repeal Act, which would end the credit for any claims submitted after Jan. 31, 2024, which, they say, would help save about $79 billion over 10 years. <\\p>

The potentially lucrative Employee Retention Credit is, once again, the target of a repeal effort. If successful, it would roll back many claims made this year.<\p>
U.S. Sens. Mitt Romney, R-Utah; Thom Tillis, R-N.C.; and Joe Manchin, I-W.V., on Sept. 18 introduced the Employee Retention Tax Credit Repeal Act, which would end the credit for any claims submitted after Jan. 31, 2024, which, they say, would help save about $79 billion over 10 years. <\p>