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HR 4805 116th Congress House Taxation Agricultural prices, subsidies, credit Business investment and capital Congressional oversight Income tax exclusion Interest, dividends, interest rates Small business

ABC Act of 2019

Introduced: October 23, 2019 Introduced by: Kim, Andy Democratic · New Jersey See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2019
Referred to the House Committee on Ways and Means.
Oct 23, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Access Business Credit Act of 2019 or the ABC Act of 2019

This bill modifies the requirements for calculating taxable income to exclude from the gross income of certain banks interest received on small business loans of up to $5 million.

The bill applies to loans that are (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business.

To be eligible for the exclusion, the bank must have less than $50 billion in assets at the closing of the preceding taxable year.

What's happening now October 23, 2019

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1226 Related bill Access Business Credit Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Burchett, Tim
Tennessee · Oct 23, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4805: ABC Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4805/
MLA
"H.R. 4805: ABC Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4805/.
Bluebook (legal)
H.R. 4805, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4805/.
Markdown link
[H.R. 4805: ABC Act of 2019](https://openamerica.io/bill/116-HR-4805/)
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