S 3612
116th Congress
Senate
Taxation
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
Small business
Small Business Expense Protection Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2020
Read twice and referred to the Committee on Finance.
May 5, 2020
Introduced in Senate
Plain-English summary
Small Business Expense Protection Act of 2020
This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that tax deductions for ordinary business expenses and other tax incidents shall not be affected by the exclusion from gross income of amounts related to loan forgiveness received in response to COVID-19 (i.e., coronavirus disease 2019).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1