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.

3.0.0 4525 2023-01-11T13:45:16Z 2023-01-11T13:45:16Z Senate S 2020-08-12 116 ssfi00 Finance Committee Senate Standing Referred to 2020-08-12T16:30:07Z 2020-08-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-08-12 Introduced in Senate IntroReferral 10000 9 Library of Congress B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN N Taxation Appropriations Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Health programs administration and funding Income tax deductions Income tax exclusion Infectious and parasitic diseases Small business Wages and earnings Taxation

00 2020-08-12 Introduced in Senate 2020-09-28T18:50:30Z 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.

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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. Display Title 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. Official Title as Introduced 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. Introduced in Senate IS Introduced in Senate 2020-08-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4525is/xml/BILLS-116s4525is.xml 2020-08-12 Read twice and referred to the Committee on Finance. 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.