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Code · BILL · 116th Congress · H.R. 6800 (Introduced in House) — Making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes. · Sec. 90006

Sec. 90006. Taxability of subsidy for certain loan payments

55 words·~1 min read·/bill/116/hr/6800/ih/section-90006·

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Section 1112 of the CARES Act ( Public Law 116–136 ) is amended by inserting at the end the following new subsection: For purposes of the Internal Revenue Code of 1986, any payment under this section shall not be included in the gross income of the taxpayer on whose behalf such payment is made. .
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Sec. 90006
Taxability of subsidy for certain loan payments
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