Rep. Fletcher Announces Legislation to Ensure Small Business With PPP Loans Remain Eligible to Receive Tax Deductions
May 06, 2020
May 06, 2020
HOUSTON, Texas, May 6 -- Rep. Lizzie Fletcher, D-Texas, issued the following news release:
Congresswoman Lizzie Fletcher (TX-07) announced that she will be introducing legislation to ensure that small business owners with forgiven Paycheck Protection Program (PPP) loans are also eligible to receive tax deductions for wages and other expenses paid during the period of the loan. This bill comes after the Internal Revenue Service (IRS) issued guidance last week that would prevent busin . . .
Congresswoman Lizzie Fletcher (TX-07) announced that she will be introducing legislation to ensure that small business owners with forgiven Paycheck Protection Program (PPP) loans are also eligible to receive tax deductions for wages and other expenses paid during the period of the loan. This bill comes after the Internal Revenue Service (IRS) issued guidance last week that would prevent busin . . .