H.R. 7819, Eliminating the Provider Relief Fund Tax Penalties Act
Summary
H.R. 7819, the Eliminating the Provider Relief Fund Tax Penalties Act, is a bill introduced in the House of Representatives on July 29, 2020 by Mrs. Axne and referred to the Committee on Ways and Means. Its stated purpose is to provide that CARES Act Provider Relief Fund payments are not includible in gross income. Section 2 provides that any CARES Act Provider Relief Fund payment shall not be included in the gross income of the recipient of the payment. It also provides that any deduction and the basis of any property shall be determined without regard to whether any amount is excluded from gross income.
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Cite this document
“H.R. 7819, Eliminating the Provider Relief Fund Tax Penalties Act.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116hr7819ih-bills-116hr7819ih/
, SHA-256 97867f7176a8d25a3148fa90140107d090022fcc3a929e2530e1db17b6ec81c6.Full text
I
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.
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.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Eliminating the Pro-
5 vider Relief Fund Tax Penalties Act of 2020’’.
6 SEC. 2. CARES ACT PROVIDER RELIEF FUND PAYMENTS EX-
7 CLUDED FROM GROSS INCOME.
8 (a) IN GENERAL.—For purposes of the Internal Rev-
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9 enue Code of 1986, any CARES Act Provider Relief Fund
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2
1 payment shall not be included in the gross income of the
2 recipient of such payment.
3 (b) CLARIFICATION OF TREATMENT OF CERTAIN EX-
4 PENSES.—For purposes of the Internal Revenue Code of
5 1986 and notwithstanding any other provision of law, any
6 deduction and the basis of any property shall be deter-
7 mined without regard to whether any amount is excluded
8 from gross income under subsection (a).
9 (c) CARES ACT PROVIDER RELIEF FUND PAY-
10 MENT.—For purposes of this section, the term ‘‘CARES
11 Act Provider Relief Fund payment’’ means any grant or
12 similar assistance provided by the Secretary of Health and
13 Human Services under the CARES Act Provider Relief
14 Fund program (including any amounts made available to
15 carry out such program by the Paycheck Protection Pro-
16 gram and Health Care Enhancement Act or any other pro-
17 vision of law enacted after the date of the enactment of
18 such Act).
Æ
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•HR 7819 IH
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