Joyce Introduces Bipartisan Small Business PPE Tax Credit Act

Today, Representatives John Joyce, M.D. (PA-13), Brenda L. Lawrence (MI-14), Troy Balderson (OH-12), and Mike Quigley (IL-05) introduced the bipartisan Small Business PPE Tax Credit Act, which would provide a tax credit, up to $25,000, for the purchase of personal protective equipment (PPE), for small businesses, 501(c)(3) non-profits, veterans' organizations, independent contractors, farmers, sole proprietors, and other organizations for the purchase of personal protective equipment (PPE).

"In Pennsylvania and around the country, small businesses are not only the backbone of our economy, they are the heart of our communities," statedRep. Joyce, M.D. "As America reopens, the small business community is working hard to protect both workers and customers. Providing a tax credit for personal protective equipment will help our small businesses ensure that they have the resources they need to safely reopen and keep our nation's recovery on the right track."

"Small businesses are the engine of the United States, comprising 99 percent of all business ventures in the country and accounting for half of the nation's economy," said Rep. Lawrence. In order to safely resume full operations, these small businesses need access to personal protective equipment. Providing relief through a tax credit for the purchase of personal protective equipment will directly support small businesses returning to and exceeding pre-COVID-19 pandemic production levels.

"As we safely reopen, Ohio's small businesses are facing atypical expenses?such as the purchase of protective gear to safeguard employees and customers?on top of recent unexpected declines in revenue," stated Rep. Balderson. "Small businesses' resiliency throughout this crisis has been astounding. Providing these job creators with the relief of a tax credit will go far in helping them get back to business as usual."

"In the face of the COVID-19 pandemic, we have asked small businesses across our country to make the unprecedented sacrifice of closing their doors and foregoing income for months at a time. Their cooperation has been critical in our fight against the virus so far and will be vital to keeping cases low moving forward," said Rep. Quigley. "As we begin the long process of reopening and revitalizing our economy, small businesses must have the tools they need to re-open safely. Asking them to bear the financial burden of PPE on top of the steep costs of having been closed would be irresponsible and unjust. That's why I'm proud to join my colleagues in introducing this practical solution that both supports our small businesses and protects public health."

Background:

Dr. Joyce is a member of the House Small Business Committee.

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