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S 1226 116th Congress Senate Taxation Agricultural prices, subsidies, credit Business investment and capital Income tax exclusion Interest, dividends, interest rates Small business

Access Business Credit Act of 2019

Introduced: April 29, 2019 Introduced by: Rounds, Mike Republican · South Dakota 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
Apr 29, 2019
Read twice and referred to the Committee on Finance.
Apr 29, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Access Business Credit 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 April 29, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4805 Related bill ABC Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Duckworth, Tammy
Illinois · Apr 29, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1226: Access Business Credit Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-1226/
MLA
"S. 1226: Access Business Credit Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1226/.
Bluebook (legal)
S. 1226, 116th Cong. (2026), https://openamerica.io/bill/116-S-1226/.
Markdown link
[S. 1226: Access Business Credit Act of 2019](https://openamerica.io/bill/116-S-1226/)
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