All Information (Except Text) for S.4525 - A bill to ensure that health care providers do not incur additional Federal income tax liability due to receipt of assistance through the Provider Relief Fund during the COVID-19 pandemic.116th Congress (2019-2020)
|Sponsor:||Sen. Blackburn, Marsha [R-TN] (Introduced 08/12/2020)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 08/12/2020 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|08/12/2020||Introduced in Senate|
08/12/2020 Introduced in Senate
All Actions (1)
|08/12/2020||Read twice and referred to the Committee on Finance.|
Action By: Senate
08/12/2020 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Finance||08/12/2020||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (08/12/2020)
This bill affirms that any payment or benefit provided to a taxpayer under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act due to COVID-19 (i.e., coronavirus disease 2019) shall be excluded from gross income, for income tax purposes. Additionally, no deduction shall be denied or reduced, no tax attribute shall be reduced, and no basis increase shall be denied resulting from such exclusion.