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shall be reduced (but not below zero) to the extent that 
the sum of the amount described in such subsection and 
in section 7003(b)(1) exceeds $10,000. 
(4) CERTAIN TERMS.—Any term used in this sec-
tion which is also used in chapter 2 of the Internal Rev-
enue Code of 1986 shall have the same meaning as when 
used in such chapter. 
(5) REFERENCES
TO
EMERGENCY
FAMILY
AND 
MEDICAL LEAVE EXPANSION ACT.—Any reference in this 
section to the Emergency Family and Medical Leave Ex-
pansion Act shall be treated as including a reference to 
the amendments made by such Act. 
(e) APPLICATION
OF SECTION.—Only days occurring 
during the period beginning on a date selected by the Sec-
retary of the Treasury (or the Secretary’s delegate) which is 
during the 15-day period beginning on the date of the enact-
ment of this Act, and ending on December 31, 2020, may be 
taken into account under subsection (c)(1)(A). 
(f) APPLICATION
OF CREDIT
IN CERTAIN POSSES-
SIONS.— 
(1) PAYMENTS
TO
POSSESSIONS
WITH
MIRROR 
CODE TAX SYSTEMS.—The Secretary of the Treasury (or 
the Secretary’s delegate) shall pay to each possession of 
the United States which has a mirror code tax system 
amounts equal to the loss (if any) to that possession by
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reason of the application of the provisions of this section. 
Such amounts shall be determined by the Secretary of 
the Treasury (or the Secretary’s delegate) based on in-
formation provided by the government of the respective 
possession. 
(2) PAYMENTS TO OTHER POSSESSIONS.—The Sec-
retary of the Treasury (or the Secretary’s delegate) shall 
pay to each possession of the United States which does 
not have a mirror code tax system amounts estimated by 
the Secretary of the Treasury (or the Secretary’s dele-
gate) as being equal to the aggregate benefits (if any) 
that would have been provided to residents of such pos-
session by reason of the provisions of this section if a 
mirror code tax system had been in effect in such pos-
session. The preceding sentence shall not apply unless 
the respective possession has a plan, which has been ap-
proved by the Secretary of the Treasury (or the Sec-
retary’s delegate), under which such possession will 
promptly distribute such payments to its residents. 
(3) MIRROR CODE TAX SYSTEM.—For purposes of 
this section, the term ‘‘mirror code tax system’’ means, 
with respect to any possession of the United States, the 
income tax system of such possession if the income tax 
liability of the residents of such possession under such 
system is determined by reference to the income tax laws
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of the United States as if such possession were the 
United States. 
(4) TREATMENT OF PAYMENTS.—For purposes of 
section 1324 of title 31, United States Code, the pay-
ments under this section shall be treated in the same 
manner as a refund due from a credit provision referred 
to in subsection (b)(2) of such section. 
(e) REGULATIONS.—The Secretary of the Treasury (or 
the Secretary’s delegate) shall prescribe such regulations or 
other guidance as may be necessary to carry out the purposes 
of this section, including— 
(1) regulations or other guidance to prevent the 
avoidance of the purposes of this Act, and 
(2) regulations or other guidance to minimize com-
pliance and record-keeping burdens under this section. 
SEC. 7005. SPECIAL RULE RELATED TO TAX ON EMPLOYERS. 
(a) IN GENERAL.—Any wages required to be paid by 
reason of the Emergency Paid Sick Leave Act and the Emer-
gency Family and Medical Leave Expansion Act shall not be 
considered wages for purposes of section 3111(a) of the In-
ternal Revenue Code of 1986 or compensation for purposes 
of section 3221(a) of such Code. 
(b) ALLOWANCE OF CREDIT FOR HOSPITAL INSURANCE 
TAXES.—
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(1) IN GENERAL.—The credit allowed by section 
7001 and the credit allowed by section 7003 shall each 
be increased by the amount of the tax imposed by sec-
tion 3111(b) of the Internal Revenue Code of 1986 on 
qualified sick leave wages, or qualified family leave 
wages, for which credit is allowed under such section 
7001 or 7003 (respectively). 
(2) DENIAL OF DOUBLE BENEFIT.—For denial of 
double benefit with respect to the credit increase under 
paragraph (1), see sections 7001(e)(1) and 7003(e)(1). 
(c) TRANSFERS TO FEDERAL OLD-AGE AND SURVIVORS 
INSURANCE TRUST FUND.—There are hereby appropriated 
to the Federal Old-Age and Survivors Insurance Trust Fund 
and the Federal Disability Insurance Trust Fund established 
under section 201 of the Social Security Act (42 U.S.C. 401) 
and the Social Security Equivalent Benefit Account estab-
lished under section 15A(a) of the Railroad Retirement Act 
of 1974 (45 U.S.C. 231n–1(a)) amounts equal to the reduc-
tion in revenues to the Treasury by reason of this section 
(without regard to this subsection). Amounts appropriated by 
the preceding sentence shall be transferred from the general 
fund at such times and in such manner as to replicate to the 
extent possible the transfers which would have occurred to
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such Trust Fund or Account had this section not been en-
acted. 
Attest: 
Clerk.