HR 7734
116th Congress
House
Taxation
Business expenses
Income tax credits
Tax administration and collection, taxpayers
Building Businesses Back Act of 2020
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 23, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 23, 2020
Introduced in House
Plain-English summary
Building Businesses Back Act of 2020
This bill allows taxpayers an election to increase the amount of their general business tax credit for taxable years ending in 2019 or 2020.
What's happening now
Referred to the Subcommittee on Select Revenue Measures.
Committees of jurisdiction
3