A bill to ensure that health care providers do not incur additional Federal income tax liability due to receipt of assistance through the Provider Relief Fund during the COVID-19 pandemic.

II 116TH CONGRESS 2D SESSION S. 4525 To ensure that health care providers do not incur additional Federal income tax liability due to receipt of assistance through the Provider Relief Fund during the COVID–19 pandemic. IN THE SENATE OF THE UNITED STATES AUGUST 12, 2020 Mrs. BLACKBURN introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To ensure that health care providers do not incur additional Federal income tax liability due to receipt of assistance through the Provider Relief Fund during the COVID– 19 pandemic. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. TAX TREATMENT OF PROVIDER RELIEF FUND 3 PAYMENTS TO HEALTH CARE PROVIDERS. 4 (a) TAXABILITY.—Notwithstanding any other law, 5 for purposes of the Internal Revenue Code of 1986— 6 VerDate Sep 11 2014 01:41 Aug 28, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S4525.IS S4525 pamtmann on DSKBC07HB2PROD with BILLS 2 •S 4525 IS (1) the amount of any CARES Act Provider 1 Relief Fund payment shall be excluded from the 2 gross income of the recipient of such payment; and 3 (2) no deduction shall be denied or reduced, no 4 tax attribute shall be reduced, and no basis increase 5 shall be denied, by reason of the exclusion from 6 gross income provided by this subsection. 7 (b) CARES ACT PROVIDER RELIEF FUND PAY- 8 MENT.—For purposes of this section, the term ‘‘CARES 9 Act Provider Relief Fund payment’’ means any grant or 10 similar assistance provided by the Secretary of Health and 11 Human Services under the provider relief fund established 12 through the Public Health and Social Services Emergency 13 Fund under the Coronavirus Aid, Relief, and Economic 14 Security Act (Public Law 116–136), including any addi- 15 tional amounts appropriated to such fund under the Pay- 16 check Protection Program and Health Care Enhancement 17 Act (Public Law 116–139) or any other provision of law 18 enacted after the date of enactment of such Act. 19 Æ VerDate Sep 11 2014 01:41 Aug 28, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S4525.IS S4525 pamtmann on DSKBC07HB2PROD with BILLS