ALERT: New Tax Credits Support On-the-clock Vaccination

CIRAS and other members of the MEP National Network are sharing this message to alert manufacturers to important news regarding how they can assist workers with COVID-19 vaccinations:

 

On April 21, President Joe Biden called on employers across America to do everything they can to help their employees – and their communities – get vaccinated. As part of that effort, President Biden is calling on every employer in America to offer full pay to their employees for any time off needed to get vaccinated and for any time it takes to recover from the after-effects of vaccination. Now is the time to step up our efforts to reach every working-age adult in America, and Wednesday’s announcement to help employers offset the cost of paid time off is an important step in getting America’s workforce vaccinated.

NEW: A tax credit for small and medium-sized businesses to fully offset the cost of paid leave for employees to get vaccinated and recover from any after-effects of vaccination. The recently passed American Rescue Plan provides a paid leave tax credit to offset the cost for businesses with fewer than 500 employees for up to 80 hours (i.e. 10 work days) up to $511 per day of paid sick leave offered between April 1 and September 30, 2021. This tax credit will allow employers to provide paid leave for employees to get a COVID-19 vaccination and for any time their employees may need to recover from that vaccination at no cost to the employer.

For details on how the credits will work and how to claim them see:

NEW: A call for employers to take additional steps to help get their employees and communities vaccinated. President Biden is also calling on employers to use their unique resources to provide information about how people can get vaccinated and why people should get vaccinated. Consistent with U.S. Department of Health and Human Services’ “We Can Do This” national campaign, he is also calling on employers to make commitments to provide accurate and timely information and incentivize all Americans to get vaccinated. These commitments could include discounts for vaccinated individuals, product giveaways or brand rewards, messaging in-store, point-of purchase promotions, direct outreach to customers, or public service announcements about the importance of vaccinations. Employers who wish to make a commitment to get their employees and communities vaccinated should do so here.

 

CIRAS is available to help implement policies and communication regarding paid time off and to support internal and external messaging regarding vaccination programs. For assistance, please contact Marc Schneider at maschn@iastate.edu or 563-221-1596.