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Taxi Medallion Loan Forgiveness Debt Relief Act of 2020

USA116th CongressHR-5617| House 
| Updated: 1/15/2020
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (14)
Peter T. King (Republican)Kathleen M. Rice (Democratic)Carolyn B. Maloney (Democratic)Max Rose (Democratic)Eliot L. Engel (Democratic)Thomas R. Suozzi (Democratic)Adriano Espaillat (Democratic)Hakeem S. Jeffries (Democratic)Jerrold Nadler (Democratic)Alexandria Ocasio-Cortez (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)Jose E. Serrano (Democratic)Grace Meng (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020 This bill excludes from gross income, for income tax purposes, income of a taxpayer, other than a C corporation, attributable to the discharge of qualified taxi medallion indebtedness that is discharged before 2023.
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Timeline
Jan 15, 2020
Introduced in House
Jan 15, 2020
Referred to the House Committee on Ways and Means.
  • January 15, 2020
    Introduced in House
  • January 15, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Debt collectionIncome tax exclusionMotor carriersTax administration and collection, taxpayersTransportation employees

Taxi Medallion Loan Forgiveness Debt Relief Act of 2020

USA116th CongressHR-5617| House 
| Updated: 1/15/2020
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020 This bill excludes from gross income, for income tax purposes, income of a taxpayer, other than a C corporation, attributable to the discharge of qualified taxi medallion indebtedness that is discharged before 2023.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 15, 2020
Introduced in House
Jan 15, 2020
Referred to the House Committee on Ways and Means.
  • January 15, 2020
    Introduced in House
  • January 15, 2020
    Referred to the House Committee on Ways and Means.
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (14)
Peter T. King (Republican)Kathleen M. Rice (Democratic)Carolyn B. Maloney (Democratic)Max Rose (Democratic)Eliot L. Engel (Democratic)Thomas R. Suozzi (Democratic)Adriano Espaillat (Democratic)Hakeem S. Jeffries (Democratic)Jerrold Nadler (Democratic)Alexandria Ocasio-Cortez (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)Jose E. Serrano (Democratic)Grace Meng (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Debt collectionIncome tax exclusionMotor carriersTax administration and collection, taxpayersTransportation employees