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H.R. 6754 · 116th Congress

Protecting the Paycheck Protection Program Act of 2020

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

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.

What it does: CRS summary · Introduced in House · May 8, 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Protecting the Paycheck Protection Program Act of 2020

Latest action (May 8, 2020): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: May 8, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.