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2020 SPECIAL SESSION I

• | print version

HB 5002 Income tax, state; subtraction for Paycheck Protection Plan loan forgiveness.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax subtraction for Paycheck Protection Plan loan forgiveness. Establishes an income tax subtraction for forgiveness of indebtedness on a loan received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the Paycheck Protection Plan. The subtraction would be available starting in taxable year 2020.

FULL TEXT

• 07/30/20  House: Prefiled and ordered printed; offered 08/18/20 20200137D  pdf | impact statement

HISTORY

• 07/30/20  House: Prefiled and ordered printed; offered 08/18/20 20200137D
• 07/30/20  House: Referred to Committee on Finance
• 11/09/20  House: Left in Finance