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.
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesInterest, dividends, interest ratesPublic utilities and utility ratesSmall businessWages and earnings
Protecting the Paycheck Protection Program Act of 2020
USA116th CongressHR-6754| House
| Updated: 5/8/2020
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.
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesInterest, dividends, interest ratesPublic utilities and utility ratesSmall businessWages and earnings