Income tax, state; subtraction for Paycheck Protection Plan loan forgiveness. (HB5002)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
07/30/2020 | Prefiled and ordered printed; offered 08/18/20 20200137D |
07/30/2020 | Committee |
07/30/2020 | Referred to Committee on Finance |
08/20/2020 | Impact statement from TAX (HB5002) |
11/09/2020 | Left in Finance |