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Hurricane relief employee retention tax credit provided for employers

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On Sept. 29, 2017, President Donald Trump signed into law the Disaster Tax Relief and Airport and Airway Extension Act of 2017. The law provides targeted tax relief to businesses impacted by Hurricanes Harvey, Irma, and Maria. As part of this relief, an Employee Retention Tax Credit is created for companies that paid employees during a period of business inoperability resulting from damage incurred by any of these three recent hurricanes.