Tennessee House Passes Bill to Cancel Excise Tax for Certain COVID-19 Relief Payments to Businesses

The Tennessee House passed a bill cancelling the excise tax on certain COVID-19 payments given to businesses. The legislation would cover all payments from March 1 to December 31 of last year. 

If passed, the bill would apply to payments from the Tennessee Business Relief Program, the Tennessee Supplemental Employer Recovery Grant Program, the Coronavirus Agricultural and Forestry Business Fund, the Hospital Staffing Assistance Program, the Emergency Medical Services Ambulance Assistance Program, the Tennessee Small and Rural Hospital Readiness Grants Program, or the federal Child Care and Development Block Grant.

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