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LRBa0144/1
JK:skw
2021 - 2022 LEGISLATURE
ASSEMBLY AMENDMENT 5,
TO ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 2
February 10, 2021 - Offered by Joint Committee on Finance.
AB2-ASA1-AA5,1,11 At the locations indicated, amend the substitute amendment as follows:
AB2-ASA1-AA5,1,2 21. Page 41, line 18: after that line insert:
AB2-ASA1-AA5,1,3 3 Section 87m. 71.98 (10) of the statutes is created to read:
AB2-ASA1-AA5,1,104 71.98 (10) Paycheck protection program loan deduction. Notwithstanding
5the definitions for “Internal Revenue Code” in this chapter, for taxable years
6beginning after December 31, 2018, sections 276 (a) and (b) and 278 (a) of division
7N of P.L. 116-260, relating to the paycheck protection program loan deduction,
8except that no person convicted of fraud may claim the deduction and the department
9of revenue shall require repayment of the amount of any deduction under this
10subsection claimed by that person.”.
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