US HB6754 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise deductible expenses and other tax incidents shall not be affected by the exclusion from gross income for loan foregiveness under the Paycheck Protection Program of such Act.
Title
Protecting the Paycheck Protection Program Act of 2020
Sponsors
| Rep. Elizabeth Fletcher [D-TX] | Rep. Angela Craig [D-MN] | Rep. Andy Kim [D-NJ] | Rep. Kathleen Rice [D-NY] |
| Rep. Greg Stanton [D-AZ] | Rep. Abby Finkenauer [D-IA] | Rep. Grace Napolitano [D-CA] | Rep. Jennifer Wexton [D-VA] |
| Rep. Joseph Neguse [D-CO] | Sen. Peter Welch [D-VT] | Rep. Suzanne Bonamici [D-OR] | Rep. Christopher Pappas [D-NH] |
| Rep. Susan Davis [D-CA] | Rep. Carolyn Maloney [D-NY] | Rep. Rick Larsen [D-WA] | Rep. Abigail Spanberger [D-VA] |
| Rep. Ann Kirkpatrick [D-AZ] | Rep. Raul Ruiz [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-08 | House | Referred to the House Committee on Ways and Means. |
| 2020-05-08 | House | Introduced in House |
Same As/Similar To
HB6800 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.
Subjects
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
Interest, dividends, interest rates
Public utilities and utility rates
Small business
Taxation
Wages and earnings
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
Interest, dividends, interest rates
Public utilities and utility rates
Small business
Taxation
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6754/all-info |
| Text | https://www.congress.gov/116/bills/hr6754/BILLS-116hr6754ih.pdf |
