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Minn. Bill Would Drop Forgiven Small-Biz Loans From Income
By Jaqueline McCool
· 2021-02-11 13:45:27 -0500
Minnesota would exclude forgiven small-business loan amounts granted as a response to the novel coronavirus pandemic from state income under a bill introduced Thursday in the state Senate.
S.F. 838, which was introduced by Sen. Zach Duckworth, R-Lakeville, would exclude forgiven Paycheck Protection Program loans granted under the
Coronavirus Aid, Relief and Economic Security Act ![](//www.law360.com/images/lexis_advance/kb-icon-red.png)
from Minnesota gross income calculations.
The House of Representatives version of the bill is H.F. 777.
--Editing by Vincent Sherry.
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