US HB7707 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 21 2020 - 25% progression, died in committee
Action: 2020-07-21 - Referred to the Subcommittee on Select Revenue Measures.
Pending: House Subcommittee on Select Revenue Measures Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

PLUS Act of 2020 Providing Liquidity for Uncollectible Sales Act of 2020

Sponsors


History

DateChamberAction
2020-07-21HouseReferred to the Subcommittee on Select Revenue Measures.
2020-07-21HouseReferred to the House Committee on Ways and Means.
2020-07-21HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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