HR 6354
116th Congress
House
Taxation
Administrative law and regulatory procedures
Business expenses
Department of the Treasury
Fraud offenses and financial crimes
Income tax credits
Small business
Tax administration and collection, taxpayers
Small Business Assistance Act of 2020
Introduced: March 23, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2020
Referred to the House Committee on Ways and Means.
Mar 23, 2020
Introduced in House
Plain-English summary
Small Business Assistance Act of 2020
This bill allows a one-time tax credit to small businesses to cover rent or mortgage payments paid or incurred by such businesses during the first four months of 2020. The credit allowable to a taxpayer may not exceed $50,000 in any taxable year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1