PLUS Act of 2020

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 July 2020

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

2. 21 July 2020

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 21 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 July 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 July 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 July 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 July 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 July 2020

  Open at official source

Sponsors

• Darin LaHood · R · Sponsor
• Rep. Panetta, Jimmy [D-CA-19] · D · Sponsor
• Rodney Davis · R · Cosponsor
• Elaine Luria · D · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.