Small Business Tax Credit For PPE Purchase Considered

June 17, 2020
In The News

Congressional lawmakers on Wednesday announcd a propsal that would create a tax credit of up to $25,000 for small businesses to purchase personal protective equipment. 

The tax credit would also benefit non-profits, veterans' organizations, independent contractors, farmers and those who are self-employed. 

Businesses are in the process of re-opening as the infection rate in New York has held level over the last several weeks. Most of upstate New York is now at the htird stage of the reopening. 

“New York’s 19th Congressional District is home to more than 27,000 small businesses and self-employed owners—and now, more than ever, we need to give them every tool they need to succeed as New York reopens," said Rep. Antonio Delgado, a Democrat who represents the Hudson Valley. "This bipartisan bill will provide needed tax relief to our small business owners while protecting the health and safety of their employees and customers."

Small businesses have been battered by the pandemic and the resulting economic shutdown, especially restaurants and bars, some of which have closed permanently as a result. 

In New York, businesses must have PPE supplies like masks and gloves to stay open.