H.R. 6754
Referred to CommitteeProtecting the Paycheck Protection Program Act of 2020
Introduced 5/8/2020•116th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
5/8/2020 • House
Summary
Protecting the Paycheck Protection Program Act of 2020
This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise deductible expenses and other tax incidents shall not be affected by the exclusion from gross income for loan foregiveness under the Paycheck Protection Program of such Act.
Introduced in House • 5/8/2020
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Topics & Subjects
Policy Area: Taxation
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesInterest, dividends, interest ratesPublic utilities and utility ratesSmall businessWages and earnings
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (18)
Party Breakdown
18
Democrats
0
Republicans
0
Independents
Sponsor
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Cosponsors (17)
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Bill Journey
Originated in the House
Introduced
May 8, 2020
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House5/8/2020