S.3757 - Build Health Care Equipment in America Act116th Congress (2019-2020) |
|Sponsor:||Sen. Jones, Doug [D-AL] (Introduced 05/19/2020)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/19/2020 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.3757 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (05/19/2020)
Build Health Care Equipment in America Act
This bill provides for certain tax incentives to combat COVID-19 (i.e., coronavirus disease 2019).
Specifically, it (1) allows a bonus depreciation allowance for property used solely for the production or manufacturing of medical equipment to combat COVID-19, (2) a new payroll tax credit related to the employment of certain skilled health care workers who previously worked in a declining field, (3) requires the Department of the Treasury to publish a list of any occupation or field of work that qualifies as a medical short supply field, (4) increases education-related tax benefits for medical professionals in short supply, and (5) establishes the 21st Century Technology Fund for State and Local Governments Looking to Draw Businesses to Their Rural Regions.