A bill to amend the Internal Revenue Code of 1986 to provide incentives for businesses and employers to help in the fight against COVID-19, and for other purposes.
About This Bill
Committee
Latest Action · May 19, 2020
Read twice and referred to the Committee on Finance.
Build Health Care Equipment in America Act
This bill provides for certain tax incentives to combat COVID-19 (i.e., coronavirus disease 2019).
Specifically, it (1) allows a bonus depreciation allowance for property used solely for the production or manufacturing of medical equipment to combat COVID-19, (2) a new payroll tax credit related to the employment of certain skilled health care workers who previously worked in a declining field, (3) requires the Department of the Treasury to publish a list of any occupation or field of work that qualifies as a medical short supply field, (4) increases education-related tax benefits for medical professionals in short supply, and (5) establishes the 21st Century Technology Fund for State and Local Governments Looking to Draw Businesses to Their Rural Regions.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.