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Pa. Panel OKs Bills To Exempt Virus Checks, Loans From Tax
By Asha Glover
· 2021-02-04 17:27:36 -0500
The Pennsylvania House Finance Committee on Thursday approved a pair of bills that would exempt federal COVID-19 stimulus checks and Paycheck Protection Program loans from state taxes.
The Pennsylvania House Finance Committee advanced H.B. 359 and H.B. 385. H.B. 359, introduced by Rep. Brandon Markosek, D-Monroeville, would exempt from state and local taxation the stimulus checks and loan forgiveness grants provided in the
Coronavirus Aid, Relief and Economic Security Act. ![](//www.law360.com/images/lexis_advance/kb-icon-red.png)
H.B. 385, introduced by Rep. George Dunbar, R-Jeanette, would exempt the CARES Act's Paycheck Protection loans from state taxes.
Both measures, if passed, would take effect immediately.
--Editing by Vincent Sherry.
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