House Bill 6754
116th Congress(2019-2020)
Protecting the Paycheck Protection Program Act of 2020
Introduced
Introduced in House on May 8, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6754
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
May 8, 2020
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05/08/2020
Referred to the House Committee on Ways and Means.
05/08/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:59 PM