Eliminating the Provider Relief Fund Tax Penalties Act of 2020

Eliminating the Provider Relief Fund Tax Penalties Act of 2020

This bill excludes from gross income, for income tax purposes, any grant or other assistance provided by the CARES Act Provider Relief Fund under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7819 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7819

    To provide that CARES Act Provider Relief Fund payments are not 
          includible in gross income, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2020

  Mrs. Axne (for herself and Mr. Dunn) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To provide that CARES Act Provider Relief Fund payments are not 
          includible in gross income, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Eliminating the Provider Relief Fund 
Tax Penalties Act of 2020''.

SEC. 2. CARES ACT PROVIDER RELIEF FUND PAYMENTS EXCLUDED FROM GROSS 
              INCOME.

    (a) In General.--For purposes of the Internal Revenue Code of 1986, 
any CARES Act Provider Relief Fund payment shall not be included in the 
gross income of the recipient of such payment.
    (b) Clarification of Treatment of Certain Expenses.--For purposes 
of the Internal Revenue Code of 1986 and notwithstanding any other 
provision of law, any deduction and the basis of any property shall be 
determined without regard to whether any amount is excluded from gross 
income under subsection (a).
    (c) 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 CARES Act Provider Relief Fund program 
(including any amounts made available to carry out such program by the 
Paycheck Protection Program and Health Care Enhancement Act or any 
other provision of law enacted after the date of the enactment of such 
Act).
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