PLUS Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 21, 2020)
Providing Liquidity for Uncollectible Sales Act of 2020 or as the PLUS Act of 2020
This bill allows a new tax credit for the uncollectible accounts receivable of an eligible wholesale distributor. The bill defines an eligible wholesale distributor as any person engaged in the trade or business of selling inventory to a food and beverage establishment that ceases to provide on-premises consumption of food and beverage on or after March 25, 2020, pursuant to an order or recommendation of an applicable governmental authority.
What just happenedJul 21, 2020
Referred to the Subcommittee on Select Revenue Measures.
Who’s behind it
- Introduced in HouseJul 21, 2020
- Jul 21, 2020Committee
Referred to the Subcommittee on Select Revenue Measures.
Tax Subcommittee - Jul 21, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 21, 2020IntroReferralIntro-H
Introduced in House
- Jul 21, 2020IntroReferral1000
Introduced in House