HR 5617 · 116th Congress · Taxation

Taxi Medallion Loan Forgiveness Debt Relief Act of 2020

Introduced 2020-01-15· Sponsored by Rep. Meeks, Gregory W. [D-NY-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

13 Democrats1 Republican
Rep. Velazquez, Nydia M. [D-NY-7]NY
Rep. Rose, Max [D-NY-11]NY
Rep. Maloney, Carolyn B. [D-NY-12]NY
Rep. Meng, Grace [D-NY-6]NY
Rep. Suozzi, Thomas R. [D-NY-3]NY
Rep. Engel, Eliot L. [D-NY-16]NY
Rep. Clarke, Yvette D. [D-NY-9]NY
Rep. Espaillat, Adriano [D-NY-13]NY
Rep. Nadler, Jerrold [D-NY-10]NY
Rep. Serrano, Jose E. [D-NY-15]NY
Rep. Jeffries, Hakeem S. [D-NY-8]NY
Rep. King, Peter T. [R-NY-2]NY
Rep. Ocasio-Cortez, Alexandria [D-NY-14]NY
Rep. Rice, Kathleen M. [D-NY-4]NY