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Home » AGC Leads Coalition Calling on Congress to Fix PPP Tax Issues
Labor & HR

AGC Leads Coalition Calling on Congress to Fix PPP Tax Issues

December 3, 2020Updated:July 24, 2024No Comments2 Mins Read
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On December 3, AGC, along with 564 trade associations, called on Congress to pass legislation reversing IRS policy that turns promised, tax-free PPP loan forgiveness into a taxable event. The effect of this is to tax a business’s PPP loan forgiveness up to 37 percent. AGC is very engaged in exhorting Congress...

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