House Bill 7707
116th Congress(2019-2020)
PLUS Act of 2020
Introduced
Introduced in House on Jul 21, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7707
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.
July 21, 2020
07/21/2020
Referred to the Subcommittee on Select Revenue Measures.
07/21/2020
Referred to the House Committee on Ways and Means.
07/21/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:53 PM