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- S.4525
S.4525: 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.
About This Bill
- Introduced Aug. 12, 2020
- Latest Major Action Aug. 12, 2020
Bill Sponsor
Bill Version
- Introduced in Senate - Aug. 12, 2020
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Aug. 12, 2020 |
Read twice and referred to the Committee on Finance.
|
Aug. 12, 2020 |
Introduced in the Senate by Marsha Blackburn (R-Tenn.) |