3.0.0 7707 2023-01-11T13:45:53Z 2023-01-11T13:45:53Z House HR 2020-07-21 116 [Congressional Record Volume 166, Number 128 (Tuesday, July 21, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LaHOOD:H.R. 7707.Congress has the power to enact this legislation pursuantto the following:Under Article I, Section 8 of the Constitution, Congresshas the power ``to make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or any Department or Officerthereof''.[Page H3612]]]> hswm00 Ways and Means Committee House Standing hswm05 Tax Subcommittee Referred to 2020-07-21T14:14:42Z Referred to 2020-07-21T13:01:15Z 2020-07-21 hswm05 Tax Subcommittee 1 House committee actions Referred to the Subcommittee on Select Revenue Measures. Committee 2020-07-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-21 Introduced in House IntroReferral 1000 9 Library of Congress L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 N P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2020-07-21 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2020-08-25 False L000591 Rep. Luria, Elaine G. [D-VA-2] Elaine Luria D VA G. 2 2020-09-04 False Taxation Bank accounts, deposits, capital Debt collection Income tax credits Retail and wholesale trades Tax administration and collection, taxpayers Taxation 00 2020-07-21 Introduced in House 2020-11-18T14:32:43Z Providing Liquidity for Uncollectible Sales Act of 2020 or as the PLUS Act of 2020

This bill 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.

]]> PLUS Act of 2020 Display Title PLUS Act of 2020 Short Title(s) as Introduced PLUS Act of 2020 Introduced in House IH Short Title(s) as Introduced Providing Liquidity for Uncollectible Sales Act of 2020 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a credit for the uncollectible accounts of eligible wholesale distributors. Introduced in House IH Introduced in House 2020-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7707ih/xml/BILLS-116hr7707ih.xml 2020-07-21 Referred to the Subcommittee on Select Revenue Measures. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.