HR 7707
116th Congress
House
Taxation
Bank accounts, deposits, capital
Debt collection
Income tax credits
Retail and wholesale trades
Tax administration and collection, taxpayers
PLUS Act of 2020
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 21, 2020
Referred to the House Committee on Ways and Means.
Jul 21, 2020
Introduced in House
Plain-English summary
Providing Liquidity for Uncollectible Sales Act of 2020 or as the PLUS Act of 2020
This bill allows a new tax credit for the uncollectible accounts receivable of an eligible wholesale distributor. The bill defines an eligible wholesale distributor as any person engaged in the trade or business of selling inventory to a food and beverage establishment that ceases to provide on-premises consumption of food and beverage on or after March 25, 2020, pursuant to an order or recommendation of an applicable governmental authority.
What's happening now
Referred to the Subcommittee on Select Revenue Measures.
Committees of jurisdiction
2
Cosponsors
1