First Advantage to Acquire Sterling Check Corp. for $2.2 Billion in Cash and Stock. Learn More

First Advantage

Tax Alert: New Bill Proposes FEZ/IEC Extension and Disaster Relief Credits

Yesterday Senate Finance Committee Chairman Chuck Grassley (R-IA) and ranking member Ron Wyden (D-OR) introduced a bill to extend 29 expired tax credit programs, including the Federal Empowerment Zones (FEZ) and the Indian Employment Credit (IEC). In addition, the bill proposes disaster tax relief provisions, including the employee retention tax credit, for employers impacted by many of last year’s natural disasters.

While speaking on the Senate floor, Grassley lamented the ongoing need to extend expired tax provisions saying, “While we still need to break the cycle of repetitive short-term extensions, the right thing to do right now is extend these already-expired provisions for 2018 and 2019.”

We at First Advantage will continue to monitor the progression of this bill, and keep you informed on its progress. If you have any questions on this bill, FEZ, IEC, Disaster Relief, or other tax credit programs, please contact your First Advantage Tax Account Manager or your legal counsel.

Background Check Resources

Trustworthy information to assist you with strategies that empower business growth, enlighten leadership and help you face the future with confidence.

Now Available!

2024 Trends Report Reveals Latest Insights

About First Advantage

Along the applicant journey and beyond, leading HR teams around the globe rely on First Advantage for screening, verifications, safety, and compliance. Striking the balance between tech and people, our innovations help you Hire Smarter and Onboard Faster.
People are at the Heart of Everything We Do

First Advantage is committed to environmental, social, and corporate governance initiatives.