Income tax, state; establishes an exclusion for Paycheck Protection Plan loan forgiveness.
Summary
Income tax exclusion for Paycheck ProtectionPlan loan forgiveness. Establishes an income tax exclusion forforgiveness of indebtedness on a loan received under the CoronavirusAid, Relief, and Economic Security (CARES) Act through the PaycheckProtection Plan. The exclusion would be available starting in taxableyear 2020.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 1, 2021
Last action Jan 18, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 1, 2021
Committee
Referred to Committee on Finance
lower
Jan 1, 2021
Introduced
Prefiled and ordered printed; offered 01/13/21 21100165D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joe McNamara
RRepublican
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