CERTS Tax Exemption Act

Bill 117 HR 7477, also known as the CERTS Tax Exemption Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide tax exemptions for certain entities that have received financial assistance under the Coronavirus Economic Relief for Transportation Services (CERTS) program.

The CERTS program was established to provide financial assistance to transportation service providers who have been negatively impacted by the COVID-19 pandemic. This program has provided grants to eligible entities to help them cover expenses and keep their operations running during this challenging time.

The CERTS Tax Exemption Act seeks to ensure that these entities are not burdened with additional taxes on the financial assistance they have received through the CERTS program. By providing tax exemptions, this bill aims to support these transportation service providers and help them recover from the economic challenges brought on by the pandemic. Overall, the CERTS Tax Exemption Act is designed to provide much-needed relief to transportation service providers who have been struggling due to the COVID-19 pandemic. If passed, this bill could help these entities recover and continue providing essential services to the public.