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.

referredUnited States· United States Congress· EN

Introduced

12 August 2020

Last action

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Status

Read twice and referred to the Committee on Finance.

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.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 12 August 2020
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Introduced in Senate (PDF)
Introduced in Senate · EN · 12 August 2020
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Introduced in Senate
summary · EN · 12 August 2020
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Sources

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Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4525
Open data entity: https://api.congress.gov/v3/bill/116/s/4525