; and (D) repaying obligations that cannot be met due to revenue losses. (7) Repayment (A) In general An entity shall not be required to repay any amounts of an advance provided under this subsection, even if subsequently denied a loan under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ). (B) Tax treatment For purposes of the Internal Revenue Code of 1986— (i) no amount shall be included in the gross income of the eligible recipient by reason of subparagraph (A), (ii) no deduction shall be denied, no tax attribute shall be reduced, and no basis increase shall be denied, by reason of the exclusion from gross income provided by clause (i), and (iii) in the case of an eligible recipient that is a partnership or S corporation— (I) any amount excluded from income by reason of clause (i) shall be treated as tax exempt income for purposes of sections 705 and 1366 of title 26, and (II) except as provided by the Secretary of the Treasury (or the Secretary's delegate), any increase in the adjusted basis of a partner's interest in a partnership under section 705 of title 26 with respect to any amount described in subclause (I) shall equal the partner's distributive share of deductions resulting from costs paid in accordance with paragraph (6) using amounts from an advance provided under this section. (8) Subsequent loan grant If an entity that receives an advance under this subsection transfers into, or is approved for, the loan program under paragraph (38) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), the advance amount shall be reduced from the loan forgiveness amount for a loan for payroll costs made under such paragraph (38). (9) Authorization of appropriations There is authorized to be appropriated to the Administration $1,000,000,000 to carry out this subsection. (10) Termination The authority to make advances under this subsection shall terminate on May 10, 2024. (f) Appropriations There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal