Vending

NAMA urges Congress to support access to Q4 employee retention tax credit

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October 18, 2021

The National Automatic Merchandising Association has urged Congress to support access to the Q4 employee retention tax credit, according to a statement from Carla Balakgie, NAMA president and CEO.

The $1.2 trillion infrastructure bill the Senate passed in August would cut the ERTC short three months early, making wages paid after Sept. 30 ineligible for the credit, according to NAMA.

The bill effectively reduces the maximum credit from $28,000 to $21,000, according to the Society for Human Resource Management.

"If Congress fails to act, there are devastating and immediate consequences for small businesses and the people they employ — $196 million for the convenience services industry alone," Balakgie said in the statement. "We commend these congressional leaders for pushing to shore up Q4 ERTC access at a time when it could determine a company's ability to make it through the year and keep American workers on the payroll."