1. Short title This Act may be cited as the Keeping the Lights On Act of 2020 . 2. Payroll credit for certain fixed expenses of employers subject to closure by reason of COVID-19 (a) In general In the case of an eligible employer, there shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 50 percent of the qualified fixed expenses paid or incurred by such employer during such calendar quarter. (b) Limitations and refundability (1) Limitation The qualified fixed expenses which may be taken into account under subsection (a) by any eligible employer for any calendar quarter shall not exceed the least of— (A) the qualified fixed expenses paid by the eligible employer in the same calendar quarter of calendar year 2019, (B) $50,000; or (C) the greater of— (i) 25 percent of the wages paid with respect to the employment of all the employees of the eligible employer for such calendar quarter