I 
116TH CONGRESS 
2D SESSION 
H. R. 7707 
To amend the Internal Revenue Code of 1986 to provide a credit for the 
uncollectible accounts of eligible wholesale distributors. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 21, 2020 
Mr. LAHOOD (for himself and Mr. PANETTA) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
a credit for the uncollectible accounts of eligible whole-
sale distributors. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Providing Liquidity 
for Uncollectible Sales Act of 2020’’ or as the ‘‘PLUS Act 
of 2020’’. 
SEC. 2. CREDIT FOR UNCOLLECTIBLE ACCOUNTS OF ELIGI-
BLE WHOLESALE DISTRIBUTORS. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
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1986 is amended by adding after section 45T the following 
new section: 
‘‘SEC. 45U. WHOLESALE DISTRIBUTOR UNCOLLECTIBLE AC-
COUNTS CREDIT. 
‘‘(a) IN GENERAL.—For purposes of section 38, in 
the case of an eligible wholesale distributor, the wholesale 
distributor uncollectible accounts credit determined under 
this section for the taxable year is an amount equal to 
the qualified accounts receivables of such distributor which 
become uncollectible during such taxable year. 
‘‘(b) ELIGIBLE
WHOLESALE
DISTRIBUTOR.—For 
purposes of this section, the term ‘eligible wholesale dis-
tributor’ means any person engaged in the trade or busi-
ness of selling inventory to food and beverage establish-
ments. 
‘‘(c) QUALIFIED ACCOUNTS RECEIVABLE.—For pur-
poses of this section— 
‘‘(1) IN
GENERAL.—The term ‘qualified ac-
counts receivable’ means any accounts receivable 
which was accrued pursuant to normal payment 
terms by an eligible wholesale distributor for the sale 
of inventory delivered on or before March 25, 2020, 
to a qualified food and beverage establishment. 
‘‘(2) NORMAL PAYMENT TERMS.—An amount 
shall be treated as accrued pursuant to normal pay-
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ment terms if it is accrued under the applicable pay-
ment terms in effect on March 25, 2020, under an 
agreement established prior to that date between the 
eligible wholesale distributor and the qualified food 
and beverage establishment. 
‘‘(3) PRESUMPTION OF UNCOLLECTABILITY.— 
For purposes of this section, a qualified accounts re-
ceivable shall be treated as becoming uncollectible 
during the taxable year of the eligible wholesale dis-
tributor which includes July 15, 2020, if— 
‘‘(A) the qualified food and beverage estab-
lishment to which such qualified accounts re-
ceivable relates does not provide on-premises 
consumption pursuant to an order or rec-
ommendation of an applicable Federal, State, 
or municipal authority for at least 30 days dur-
ing the period beginning on March 25, 2020, 
and ending on July 15, 2020, and 
‘‘(B) such qualified accounts receivable is 
not paid before the close of such taxable year. 
‘‘(d) QUALIFIED FOOD AND BEVERAGE ESTABLISH-
MENT.—For purposes of this section— 
‘‘(1) QUALIFIED FOOD AND BEVERAGE ESTAB-
LISHMENT.—The term ‘qualified food and beverage 
establishment’ means a food and beverage establish-
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