Summary: S.3757 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3757. Bill summaries are authored by CRS.

Shown Here:
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.