[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4525 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 4525

 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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            August 12, 2020

Mrs. Blackburn introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TAX TREATMENT OF PROVIDER RELIEF FUND PAYMENTS TO HEALTH 
              CARE PROVIDERS.

    (a) Taxability.--Notwithstanding any other law, for purposes of the 
Internal Revenue Code of 1986--
            (1) the amount of any CARES Act Provider Relief Fund 
        payment shall be excluded from the gross income of the 
        recipient of such payment; and
            (2) no deduction shall be denied or reduced, no tax 
        attribute shall be reduced, and no basis increase shall be 
        denied, by reason of the exclusion from gross income provided 
        by this subsection.
    (b) CARES Act Provider Relief Fund Payment.--For purposes of this 
section, the term ``CARES Act Provider Relief Fund payment'' means any 
grant or similar assistance provided by the Secretary of Health and 
Human Services under the provider relief fund established through the 
Public Health and Social Services Emergency Fund under the Coronavirus 
Aid, Relief, and Economic Security Act (Public Law 116-136), including 
any additional amounts appropriated to such fund under the Paycheck 
Protection Program and Health Care Enhancement Act (Public Law 116-139) 
or any other provision of law enacted after the date of enactment of 
such Act.
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