Eliminating the Provider Relief Fund Tax Penalties Act of 2021
This bill excludes from gross income, for income tax purposes, any grant or other assistance provided by the CARES Act Provider Relief Fund under the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act.
To provide that CARES Act Provider Relief Fund payments are not 
          includible in gross income, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Eliminating the Provider Relief Fund 
Tax Penalties Act of 2021''.

SEC. 2. CARES ACT PROVIDER RELIEF FUND PAYMENTS EXCLUDED FROM GROSS 
              INCOME.

    (a) In General.--For purposes of the Internal Revenue Code of 1986, 
any CARES Act Provider Relief Fund payment shall not be included in the 
gross income of the recipient of such payment.
    (b) Clarification of Treatment of Certain Expenses.--For purposes 
of the Internal Revenue Code of 1986 and notwithstanding any other 
provision of law, any deduction and the basis of any property shall be 
determined without regard to whether any amount is excluded from gross 
income under subsection (a).
    (c) CARES Act Provider Relief Fund Payment.--For purposes of this 
section, the term ``CARES Act Provider Relief Fund payment'' means any 
grant or similar assistance provided by the Secretary of Health and 
Human Services under the CARES Act Provider Relief Fund program 
(including any amounts made available to carry out such program by the 
Paycheck Protection Program and Health Care Enhancement Act, the 
Consolidated Appropriations Act, 2021, or any other provision of law 
enacted after the date of the enactment of such Acts).
    (d) Effective Date.--The provisions of this section shall apply to 
taxable years ending after the date of the enactment of the CARES Act.
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Eliminating the Provider Relief Fund Tax Penalties Act of 2021
To provide that CARES Act Provider Relief Fund payments are not includible in gross income, and for other purposes.
Eliminating the Provider Relief Fund Tax Penalties Act of 2021
Rep. Axne, Cynthia