Providers To Lawmakers: Make COVID-19 Response Funds Tax Free

A wide-ranging group of providers are asking lawmakers to fix what they say is an oversight that could cost them about 20% of their Paycheck Protection Program and COVID-19 provider relief funds due to taxes. Nearly 20 groups say in a June 25 letter to House and Senate leadership that “Congress inadvertently failed to protect the ability for entities receiving PPP funds from maintaining their tax deductions for expenditures attributable to PPP funds.” Fixing the issue has bipartisan support, the...