The act aims to provide tax relief for transportation services affected by the COVID-19 pandemic, aiding businesses that are struggling during recovery.
A bipartisan effort by Jim Panetta (D-Calif.) and Darin LaHood (R-Ill.) would make COVID relief grants for private student transportation companies exempt from taxes.
Once the final grant application requirements are set, operators in the motorcoach, school bus, and passenger vessel industries will have a four-week long window to submit applications for $2 billion in funding.
Leaders from the ABA, UMA, and NSTA continue to urge Congressional leaders and the White House to include the bill in any future stimulus package.
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