Bloomberg Tax
Nov. 23, 2021, 9:19 PM UTC

Senators Push for Tax-Free Pandemic Transportation Grants

Kaustuv Basu
Kaustuv Basu
Reporter

Covid-19 relief grants for motorcoaches, schools buses, and other passenger vehicle-dependent industries should receive the same tax-free treatment as aid offered to other sectors, a bipartisan group of 41 senators said.

The pandemic aid package enacted in December 2020 established Coronavirus Economic Relief for Transportation Services grants, which aimed to replace a portion of the revenue eligible businesses lost out on in 2020.

  • The lawmakers, led by Sen. Chuck Grassley (R-Iowa), said in a Tuesday letter to Senate Finance Chairman Ron Wyden (D-Ore.) and ranking member Mike Crapo (R-Idaho) that the grants should be ...

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