Small Business PPE Tax Credit Act This bill allows certain small businesses a tax credit for the cost of qualified personal protective equipment, up to $25,000 in a taxable year. The entities eligible for such credit include farms, nonprofit organizations, veterans organizations, and Tribal business concerns. The bill defines qualified personal protective equipment to include the cost of equipment for reducing the risk of coronavirus (i.e., the virus that causes COVID-19) transmission. including gloves, facial masks and protective gear, and cleaning supplies.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careFood industry and servicesHealth technology, devices, suppliesIncome tax creditsInfectious and parasitic diseasesMigrant, seasonal, agricultural laborRetail and wholesale tradesSelf-employedSmall businessSocial work, volunteer service, charitable organizationsTravel and tourismVeterans' organizations and recognitionWorker safety and health
Small Business PPE Tax Credit Act
USA116th CongressHR-7216| House
| Updated: 6/15/2020
Small Business PPE Tax Credit Act This bill allows certain small businesses a tax credit for the cost of qualified personal protective equipment, up to $25,000 in a taxable year. The entities eligible for such credit include farms, nonprofit organizations, veterans organizations, and Tribal business concerns. The bill defines qualified personal protective equipment to include the cost of equipment for reducing the risk of coronavirus (i.e., the virus that causes COVID-19) transmission. including gloves, facial masks and protective gear, and cleaning supplies.
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careFood industry and servicesHealth technology, devices, suppliesIncome tax creditsInfectious and parasitic diseasesMigrant, seasonal, agricultural laborRetail and wholesale tradesSelf-employedSmall businessSocial work, volunteer service, charitable organizationsTravel and tourismVeterans' organizations and recognitionWorker safety and health