,,ii #aafth ,,congress #b;d ,session ,s4 #cgeg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #ai1 #bjbj,mr4 ,jones introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide incentives for businesses and employers to help in the fight against ,,covid-#ai1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,build ,health ,care ,equipment in ,america ,act4 #b4 ,bonus depreciation for facilities manufacturing items to fight ,,covid-#ai 7a7 ,in general ,section #afh of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7n7 ,special allowance for medical equipment manufacturers 7#a7 ,in general ,in the case of any qualified medical equipment manufacturing property-- 7,a7 the depreciation deduction provided by section #afg7;a7 for the taxable year in which such property is placed in service shall include an allowance equal to the applicable percentage of the adjusted basis of such property1 and 7,b7 the adjusted basis of such property shall be reduced by the amount of such deduction before computing the amount otherwise allowable as a depreciation deduction under this chapter for such taxable year and any subsequent taxable year4 7#b7 ,applicable percentage ,for purposes of this subsection1 the term applicable percentage means-- 7,a7 in the case of property described in paragraph 7#c77;,a7-- 7i7 if such property is placed in service within a rural area1 #fg percent1 or 7ii7 if such property is placed in service within an area not described in clause 7i71 #ej percent1 and 7,b7 in the case of property described in paragraph 7#c77;,b7-- 7i7 which is placed in service before ,january #a1 #bjbg1 #ajj percent1 7ii7 which is placed in service after ,december #ca1 #bjbf1 and before ,january #a1 #bjbh1 #hj percent1 7iii7 which is placed in service after ,december #ca1 #bjbg1 and before ,january #a1 #bjbi1 #fj percent1 7iv7 which is placed in service after ,december #ca1 #bjbh1 and before ,january #a1 #bjcj1 #dj percent1 and 7v7 which is placed in service after ,december #ca1 #bjbi1 and before ,january #a1 #bjca1 #bj percent4 7#c7 ,qualified medical equipment manufacturing property ,for purposes of this subsection1 the term qualified medical equipment manufacturing property means-- 7,a7 any nonresidential real property which is-- 7i7 originally placed in service after the date of enactment of this subsection and before ,january #a1 #bjca1 and 7ii7 used solely for the production or manufacturing of ,,covid-#ai medical equipment1 and 7,b7 any qualified property 7as defined in subsection 7k77#b71 without respect to subparagraph 7,a77iii7 of such subsection7 which is-- 7i7 originally placed in service after the date of enactment of this subsection and before ,january #a1 #bjca1 and 7ii7 used to rehabilitate1 refurbish1 or reequip any facility which was originally placed in service before the date of enactment of this subsection to allow such facility to produce or manufacture ,,covid-#ai medical equipment4 7#d7 ,,covid-#ai medical equipment ,for purposes of this subsection1 the term ,,covid-#ai medical equipment means any product or equipment used for the prevention or treatment of the virus ,,sars-,co,v-#b or coronavirus disease #bjai 7,,covid-#ai74 4 7b7 ,effective date ,the amendment made by this section shall apply to property placed in service after the date of enactment of this ,act4 #c4 ,health ,care ,workforce ,credit 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de,u4 ,health ,care ,workforce ,credit 7a7 ,in general ,for purposes of section #ch1 the amount of the health care workforce credit determined under this section for the taxable year shall be equal to the sum of any applicable payroll taxes paid by an employer during the taxable year with respect to employment of any qualified employee4 7b7 ,definitions ,for purposes of this section3 7#a7 ,applicable payroll taxes 7,a7 ,in general ,the term applicable payroll taxes means1 with respect to any employer for any taxable year1 the amount of the taxes imposed by-- 7i7 section #caaa on wages paid by an employer with respect to employment of qualified employee during the applicable period1 and 7ii7 section #cbba7;a7 on compensation paid by an employer with respect to services rendered by a qualified employee during the applicable period4 7,b7 ,applicable period ,for purposes of subparagraph 7,a71 the term applicable period means the #c-year period beginning with the day the qualified employee begins work for the employer4 7#b7 ,declining field2 skilled healthcare field 7,a7 ,in general 7i7 ,declining field ,the term declining field means any occupation or field of work which has been determined by the ,secretary1 in consultation with the ,bureau of ,labor ,statistics of the ,department of ,labor1 to have experienced a decline in the level of average employment in such occupation or field in the ,united ,states of not less than #h percent over the most recent #c-year period for which such information is available4 7ii7 ,skilled healthcare field ,the term skilled healthcare field means any occupation or field of work related to the practice of medicine which has been determined by the ,secretary1 in consultation with the ,bureau of ,labor ,statistics of the ,department of ,labor1 to-- 7,i7 require-- 7aa7 theoretical and practical application of a body of highly specialized knowledge2 and 7bb7 7,,aa7 attainment of a bachelor's or higher degree in the specific specialty 7or its equivalent72 or 7,,bb7 experience in the specialty equivalent to the completion of such degree2 and 7,,ii7 have an insufficient number of individuals who are citizens or residents of the ,united ,states and are qualified1 willing1 and able to satisfy the demand for labor in such occupation or field of work4 7,b7 ,determination and publication ,the ,secretary1 in consultation with the ,bureau of ,labor ,statistics of the ,department of ,labor1 shall annually-- 7i7 determine which occupations or fields of work satisfy the requirements described in subparagraph 7,a71 and 7ii7 publish and make available on the website of the ,department of the ,treasury a complete list of such occupations and fields of work4 7#c7 ,qualified employee 7,a7 ,in general ,the term qualified employee means an individual who-- 7i7 is provided wages for employment by the employer 7as such terms are defined in section #caba71 provided that such employment-- 7,i7 is not in a declining field1 and 7,,ii7 is in a skilled healthcare field1 7ii7 is not a covered employee 7as defined in section #afb7m77#c771 and 7iii7 was employed in a declining field for any period during the #ab-month period preceding the applicable period under paragraph 7#a77;,b74 7,b7 ,nonqualifying rehires ,the term qualifying employee shall not include any individual who1 prior to the beginning of the applicable period under paragraph 7#a77;,b71 had been employed by the employer at any time4 4 7b7 ,credit part of general business credit ,section #ch7;b7 of the ,internal ,revenue ,code of #aihf is amended by striking plus at the end of paragraph 7#cb71 by striking the period at the end of paragraph 7#cc7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#cd7 the health care workforce credit determined under section #de,u7a74 4 7c7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,sec4 #de,u4 ,health ,care ,workforce ,credit4 4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4 #d4 ,enhancements to certain education tax benefits for medical professionals in short supply 7a7 ,in general 7#a7 ,publication ,for each calendar year beginning after the date of the enactment of this ,act1 the ,secretary of the ,treasury1 in consultation with the ,secretary of ,labor1 shall publish and make available on the website of the ,department of the ,treasury a list of any occupation or field of work which qualifies as a medical short supply field for such calendar year4 7#b7 ,medical short supply field ,the term medical short supply field means an occupation or field of work which the ,secretary of the ,treasury1 in consultation with the ,secretary of ,labor1 has determined-- 7,a7 is related to the practice of medicine or to the manufacturing of medical equipment2 7,b7 requires-- 7i7 theoretical and practical application of a body of highly specialized knowledge2 and 7ii7 7,i7 attainment of a bachelor's or higher degree in the specific specialty 7or its equivalent72 or 7,,ii7 experience in the specialty equivalent to the completion of such degree2 and 7,c7 has an insufficient number of individuals who are citizens or residents of the ,united ,states and are qualified1 willing1 and able to satisfy the demand for labor in such occupation or field of work4 7b7 ,enhancements to certain education tax benefits 7#a7 ,in general 7,a7 ,educational assistance programs ,paragraph 7#b7 of section #abg7;a7 of the ,internal ,revenue ,code of #aihf is amended by inserting 7or1 in the case of an individual employed in an occupation or field of work which has been designated as a medical short supply field for such calendar year pursuant to section #d7;a7 of the ,build ,health ,care ,equipment in ,america ,act1 the first #ae1jjj of such assistance so furnished7 before the period at the end4 7,b7 ,interest on education loans ,paragraph 7#a7 of section #bba7;b7 of the ,internal ,revenue ,code of #aihf is amended by inserting 7or1 in the case of a individual employed in an occupation or field of work which has been designated1 pursuant to section #d7;a7 of the ,build ,health ,care ,equipment in ,america ,act1 as a medical short supply field for the calendar year in which such taxable year began1 shall not exceed #h1jjj7 before the period at the end4 7,c7 ,qualified tuition and related expenses ,paragraph 7#a7 of section #bbb7;b7 of the ,internal ,revenue ,code of #aihf is amended by inserting 7or1 in the case of an individual employed in an occupation or field of work which has been designated1 pursuant to section #d7;a7 of the ,build ,health ,care ,equipment in ,america ,act1 as a medical short supply field for the calendar year in which such taxable year began1 an amount equal to the applicable dollar limit multiplied by #b7 before the period at the end4 7#b7 ,exclusion for certain employer payments of student loans 7,a7 ,in general ,paragraph 7#a7 of section #abg7;c7 of the ,internal ,revenue ,code of #aihf is amended by striking and at the end of subparagraph 7,a71 by redesignating subparagraph 7,b7 as subparagraph 7,c71 and by inserting after subparagraph 7,a7 the following new subparagraph3 7,b7 in the case of an employee employed in an occupation or field of work which has been designated as a medical short supply field for a calendar year pursuant to section #d7;a7 of the ,build ,health ,care ,equipment in ,america ,act1 the payment by an employer during such calendar year1 whether paid to the employee or to a lender1 of principal or interest on any qualified education loan 7as defined in section #bba7;d77#a77 incurred by the employee1 and 4 7,b7 ,conforming amendment2 denial of double benefit ,paragraph 7#a7 of section #bba7;e7 of the ,internal ,revenue ,code of #aihf is amended by inserting before the period the following3 1 or for which an exclusion is allowable under section #abg to the taxpayer's employer by reason of the payment by such employer of any indebtedness on a qualified education loan of the taxpayer4 7#c7 ,effective date ,the amendments made by this subsection shall apply to taxable years beginning after the date of the enactment of this ,act4 #e4 #bast ,century ,technology ,fund for ,state and ,local ,governments ,looking to ,draw ,businesses to ,their ,rural ,regions ,title ,,vi of the ,rural ,electrification ,act of #aicf 7#g ,u4,s4,c4 #iej;bb et seq47 is amended by adding at the end the following3 #fjg4 #bast ,century ,technology ,fund for ,state and ,local ,governments ,looking to ,draw ,businesses to ,their ,rural ,regions 7a7 ,definitions ,in this section3 7#a7 ,eligible entity ,the term eligible entity means an entity eligible to receive assistance under the ,re,connect ,program4 7#b7 ,eligible service area ,the term eligible service area means a service area in which a project may be carried out under the ,re,connect ,program4 7#c7 ,fund ,the term ,fund means the #bast ,century ,technology ,fund for ,state and ,local ,governments ,looking to ,draw ,businesses to ,their ,rural ,regions established by subsection 7b77#a74 7#d7 ,re,connect ,program ,the term ,re,connect ,program means the ,rural e,connectivity ,pilot ,program established under section #ggi of division ,a of the ,consolidated ,appropriations ,act1 #bjah 7,public ,law #aae-ada2 #acb ,stat4 #cii74 7b7 ,establishment of ,fund 7#a7 ,in general ,there is established in the ,treasury of the ,united ,states a fund1 to be known as the #bast ,century ,technology ,fund for ,state and ,local ,governments ,looking to ,draw ,businesses to ,their ,rural ,regions1 consisting of-- 7,a7 such amounts as are appropriated to the ,fund under subsection 7e72 and 7,b7 any interest and proceeds under paragraph 7#c74 7#b7 ,investment of amounts ,the ,secretary of the ,treasury shall invest such amounts in the ,fund as are not1 as determined by the ,secretary of ,agriculture1 required to meet current withdrawals4 7#c7 ,credits to ,fund ,the interest on1 and the proceeds from the sale or redemption of1 any obligations held in the ,fund shall be credited to1 and form a part of1 the ,fund4 7c7 ,rural technology infrastructure assistance ,using amounts in the ,fund1 the ,secretary shall provide assistance to eligible entities to carry out projects in eligible service areas for the same purposes as projects authorized under the ,re,connect ,program4 7d7 ,applicability of ,re,connect program requirements ,the requirements1 limitations1 and authorities that apply to assistance provided1 and projects carried out1 under the ,re,connect ,program shall apply to assistance provided1 and projects carried out1 under this section4 7e7 ,authorization of appropriations ,there are authorized to be appropriated to the ,fund such sums as are necessary to carry out this section for each fiscal year4 4