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2021 SESSION
HB 1787 Income tax, state; establishes an exclusion for Paycheck Protection Plan loan forgiveness.
Introduced by: Joseph P. McNamara | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax exclusion for Paycheck Protection Plan loan forgiveness. Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the Paycheck Protection Plan. The exclusion would be available starting in taxable year 2020.
FULL TEXT
HISTORY
- 01/01/21 House: Prefiled and ordered printed; offered 01/13/21 21100165D
- 01/01/21 House: Referred to Committee on Finance
- 01/18/21 House: Tabled in Finance (13-Y 9-N)