Posted: | January 4, 2021 08:58 AM |
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From: | Representative Brandon J. Markosek |
To: | All House members |
Subject: | Exempting Federal COVID-19 Cash Payments from State and Local Taxes |
In response to the Coronavirus (COVID-19) pandemic, Congress took swift action to adopt the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act to help people and businesses stay afloat. Likewise, the Consolidated Appropriations Act, 2021 was recently passed to further provide assistance to those most affected by, among other provisions, distributing another round of stimulus checks and expanding upon the previous Paycheck Protection Program (PPP) established under the CARES Act. It is our responsibility to minimize the negative impact felt by Pennsylvanians during this pandemic. My legislation would exempt the stimulus checks and loan forgiveness grants under the CARES Act and Consolidated Appropriations Act, 2021, from state and local taxation. This would allow recipients of the payments to fully capitalize on the money they are due to offset the hardships dealt by COVID-19. Please join me in co-sponsoring legislation to ensure that our constituents are maximizing these extra funds to properly care for their families. |
Introduced as HB359