Construction Jobs During Coronavirus Act

In general— In the case of any specified taxable year of a taxpayer engaged in the trade or business of home construction, the rate of tax imposed under section 1 or 15 of the Internal Revenue Code of 1986 on so much of the taxpayer’s taxable income as is properly allocable to such trade or business shall be zero percent.

Trade or business of home construction— For purposes of this section, the term “trade or business of home construction” means the trade or business of constructing dwelling units in the United States. Such term shall include the construction of components of such dwelling units only if such construction is performed at the location of the final assembly of such dwelling unit. Such term shall not include any trade or business if such trade or business consists of services rendered as an employee.

Specified taxable year— For purposes of this section, the term “specified taxable year” means any taxable year beginning during the period beginning on January 1, 2020, and ending on the date on which the nationwide public health emergency declared under section 319 of the Public Health Service Act as a result of COVID-19 ends.

Regulations— The Secretary of the Treasury (or the Secretary’s designee) shall issue such regulations or other guidance as may be necessary or appropriate to carry out this section, including regulations or other guidance providing for the proper application of sections 1 and 15 of the Internal Revenue Code of 1986 to taxable income to which subsection (a) of this section does not apply.