Congressional Record, Senate (Aug. 12, 2020): SA 2649, Mrs. Blackburn's amendment to SA 2499 to S. 178

Summary

Senate amendment SA 2649, submitted by Mrs. Blackburn and printed in the Congressional Record, Volume 166, Number 144, for Wednesday, August 12, 2020, at Pages S5400 to S5401. It was intended to be proposed to amendment SA 2499, offered by Mr. McConnell to S. 178, a bill on Xinjiang, and was ordered to lie on the table. It would provide that, notwithstanding any other law, any CARES Act Provider Relief Fund payment is excluded from the recipient's gross income under the Internal Revenue Code of 1986, with no deduction denied or reduced, no tax attribute reduced and no basis increase denied because of the exclusion. It defines such a payment as a grant or similar assistance from the Secretary of Health and Human Services out of the fund appropriated under the Paycheck Protection Program and Health Care Enhancement Act, Public Law 116-139, or later law.

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Full text

[Congressional Record Volume 166, Number 144 (Wednesday, August 12, 2020)]
[Senate]
[Pages S5400-S5401]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2649. Mrs. BLACKBURN submitted an amendment intended to be
proposed to amendment SA 2499 proposed by Mr. McConnell to the bill S.
178, to condemn gross human rights violations of ethnic Turkic Muslims
in Xinjiang, and calling for an end to arbitrary detention, torture,
and harassment of these communities inside and outside China; which was
ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. TAX TREATMENT OF PROVIDER RELIEF FUND PAYMENTS TO
                   HEALTH CARE PROVIDERS.

       (a) Taxability.--Notwithstanding any other law, for
     purposes of the Internal Revenue Code of 1986--
       (1) the amount of any CARES Act Provider Relief Fund
     payment shall be excluded from the gross income of the
     recipient of such payment; and
       (2) no deduction shall be denied or reduced, no tax
     attribute shall be reduced, and no basis increase shall be
     denied, by reason of the exclusion from gross income provided
     by this subsection.
       (b) 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

[[Page S5401]]

     provided by the Secretary of Health and Human Services under
     the provider relief fund established through the Public
     Health and Social Services Emergency Fund under the
     Coronavirus Aid, Relief, and Economic Security Act (Public
     Law 116-136), including any additional amounts appropriated
     to such fund under the Paycheck Protection Program and Health
     Care Enhancement Act (Public Law 116-139) or any other
     provision of law enacted after the date of enactment of such
     Act.
                                 ______

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