Employee retention credit
A federal tax credit for businesses affected by a natural disaster.
Congress recently enacted legislation that provides a federal income tax credit to certain employers who continue to pay their employees during periods that their place of business is inoperable due to the effects of one of the three recent hurricanes.
The credit, known as the Employee Retention Credit (ERC), is a general business credit and can be carried back one year and forward 20 years. The credit is available to employers of all sizes.