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]
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.
Title
PLUS Act of 2020 Providing Liquidity for Uncollectible Sales Act of 2020
Sponsors
Rep. Darin LaHood [R-IL] | Rep. Jimmy Panetta [D-CA] | Rep. Rodney Davis [R-IL] | Rep. Elaine Luria [D-VA] |
History
Date | Chamber | Action |
---|---|---|
2020-07-21 | House | Referred to the Subcommittee on Select Revenue Measures. |
2020-07-21 | House | Referred to the House Committee on Ways and Means. |
2020-07-21 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Debt collection
Income tax credits
Retail and wholesale trades
Tax administration and collection, taxpayers
Taxation
Debt collection
Income tax credits
Retail and wholesale trades
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7707/all-info |
Text | https://www.congress.gov/116/bills/hr7707/BILLS-116hr7707ih.pdf |