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Main Subject: Taxation

Paycheck Protection Program Improved Coordination Act of 2020

This bill coordinates the Paycheck Protection Program (PPP), established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), with the employee retention tax credit for employers subject to closure due to COVID-19, by allowing loan amounts not forgiven under the PPP to be taken into account for purposes of the retention tax credit.

HR6776-116, HR6800-116, S3793-116, S4268-116, S4318-116, S4818-116,

House floor actions Actions

IntroReferral

May. 08
2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Library of Congress Actions

IntroReferral
May. 08 2020	Introduced in House Introduced in House

House bill HR6781-116

Paycheck Protection Program Improved Coordination Act of 2020

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