Chap Petersen
- Democratic
Primary
Income tax exclusion for Paycheck ProtectionPlan loan forgiveness; deductibility. Establishes an income taxexclusion for forgiveness of indebtedness on a loan received underthe Coronavirus Aid, Relief, and Economic Security (CARES) Act throughthe Paycheck Protection Program. The exclusion would be availablestarting in taxable year 2020. No taxpayer shall be denied an otherwiseallowable deduction by reason of the exclusion.
Incorporated by Finance and Appropriations (SB1146-Howell) (16-Y 0-N)
Impact statement from TAX (SB1394)
Prefiled and ordered printed; offered 01/13/21 21102748D
Referred to Committee on Finance and Appropriations
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/13/21 21102748D | HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: SB1394F161.PDF |
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