US HB5617 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Introduced on January 15 2020 - 25% progression, died in committee
Action: 2020-01-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2020 - 25% progression, died in committee
Action: 2020-01-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Excludes from gross income, for income tax purposes, income of a taxpayer, other than a C corporation, attributable to the discharge of qualified taxi medallion indebtedness that is discharged before 2023.
Title
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020
Sponsors
| Rep. Gregory Meeks [D-NY] | Rep. Nydia Velazquez [D-NY] | Rep. Max Rose [D-NY] | Rep. Carolyn Maloney [D-NY] |
| Rep. Grace Meng [D-NY] | Rep. Thomas Suozzi [D-NY] | Rep. Eliot Engel [D-NY] | Rep. Yvette Clarke [D-NY] |
| Rep. Adriano Espaillat [D-NY] | Rep. Jerrold Nadler [D-NY] | Rep. Jose Serrano [D-NY] | Rep. Hakeem Jeffries [D-NY] |
| Rep. Peter King [R-NY] | Rep. Alexandria Ocasio-Cortez [D-NY] | Rep. Kathleen Rice [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-15 | House | Referred to the House Committee on Ways and Means. |
| 2020-01-15 | House | Introduced in House |
Subjects
Debt collection
Income tax exclusion
Motor carriers
Tax administration and collection, taxpayers
Taxation
Transportation employees
Income tax exclusion
Motor carriers
Tax administration and collection, taxpayers
Taxation
Transportation employees
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5617/all-info |
| Text | https://www.congress.gov/116/bills/hr5617/BILLS-116hr5617ih.pdf |
