Distributors of seafood and other fresh foods praised new legislation that could help them recoup some of the billions of dollars in debt they are owed due to COVID-19 restaurant shutdowns.
U.S. Representatives Darin LaHood (R-Illinois) and Jimmy Panetta (D-California) introduced the Providing Liquidity for Uncollectible Sales (PLUS) Act on 21 July.
The legislation provides a tax credit to offset uncollectable debt incurred as a direct result of COVID-19 shutdowns, which amounts to more than USD 12 billion (EUR 10 billion) for the foodservice distribution industry…
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