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PPP tax help bill heading to House committee this week A bill that would seek to provide tax certainty to small businesses and individuals impacted by the COVID-19 pandemic is on the agenda this week for a key House committee. (Source: ABC/NBC) By Region 8 Newsdesk | January 31, 2021 at 2:44 PM CST - Updated February 7 at 2:39 PM
LITTLE ROCK, Ark. (KAIT) - A bill that would seek to provide tax certainty to small businesses and individuals impacted by the COVID-19 pandemic is on the agenda this week for a key House committee.
The House Revenue and Taxation Committee will hear House Bill 1361 at 2 p.m. Tuesday in Little Rock. The bill is “an act to provide for the tax treatment of certain loans, payments and expenses related to the Coronavirus 2019 relief programs, to provide Coronavirus 2019 relief by conforming to federal tax treatment of Coronavirus 2019 relief programs.”