Rep. Panetta Leads on Legislation to Provide Pandemic Tax Relief for Travel Businesses
Rep. Panetta Leads on Legislation to Provide Pandemic Tax Relief for Travel Businesses that Use Motorcoaches, School Buses, and Passenger Vehicles
Rep. Jimmy Panetta
April 7, 2022
Today, Rep. Jimmy Panetta (D-Carmel Valley), along with Reps. Darin LaHood (R-Ill.), Albio Sires (D-N.J), and John Rose (R-Tenn.) introduced the CERTS Tax Exemption Act to provide relief to the motorcoach, school bus, and passenger vessel industries devastated by the COVID-19 pandemic. Unfortunately, Coronavirus Economic Relief for Transportation Services (CERTS) Act grants, while extremely beneficial for those industries, only replaced about 20% of their lost revenue from 2020. A tax exemption for CERTS Act grants would provide these essential transportation services with the needed resources to fully recover and serve our local tourism and hospitality industries.
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“This is about fairness. The emergency grants awarded through the CERTS Act program should be treated the same way the Paycheck Protection Program (PPP), Shuttered Venues Operators Grant program (SVOG), and the Restaurant Revitalization Fund (RRF) grant program were treated in terms of taxation,” said Pete Pantuso, President and CEO of American Bus Association.
