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Tax Relief for CARES Act Provider Relief Funds

This bill aims to exempt from income tax the funds received by healthcare providers from the CARES Act Provider Relief Fund. This means that money intended to support healthcare during the pandemic will not be treated as taxable income, which can help healthcare facilities maintain financial stability and provide services.
Key points
Payments from the CARES Act Provider Relief Fund will not be included in gross income, reducing tax burdens for healthcare providers.
Expenses incurred by healthcare providers, even if covered by these funds, can still be deducted for tax purposes, providing additional financial benefits.
These changes apply to tax years ending after the enactment of the CARES Act, meaning they cover past periods.
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Additional Information
Print number: 117_HR_2079
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-03-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Eliminating the Provider Relief Fund Tax Penalties Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2079.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-19.

What are the main provisions?

Key points include:

  • Payments from the CARES Act Provider Relief Fund will not be included in gross income, reducing tax burdens for healthcare providers.
  • Expenses incurred by healthcare providers, even if covered by these funds, can still be deducted for tax purposes, providing additional financial benefits.
  • These changes apply to tax years ending after the enactment of the CARES Act, meaning they cover past periods.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Axne, Cynthia [D-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Health