S 4525
116th Congress
Senate
Taxation
Appropriations
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Health programs administration and funding
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
Small business
Wages and earnings
A bill to ensure that health care providers do not incur additional Federal income tax liability due to receipt of assistance through the Provider Relief Fund during the COVID-19 pandemic.
Introduced: August 12, 2020
Introduced by:
Blackburn, Marsha
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 12, 2020
Read twice and referred to the Committee on Finance.
Aug 12, 2020
Introduced in Senate
Plain-English summary
This bill affirms that any payment or benefit provided to a taxpayer under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act due to COVID-19 (i.e., coronavirus disease 2019) shall be excluded from gross income, for income tax purposes. Additionally, no deduction shall be denied or reduced, no tax attribute shall be reduced, and no basis increase shall be denied resulting from such exclusion.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1