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H.R. 6821

Small Business Expense Protection Act of 2020

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).

Referred to the House Committee on Ways and Means.

Rep. Holding, George [R-NC-2](R-NC)Sponsor
73 cosponsors1 D72 R
73cosponsors1committees3actions3related bills8subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Small Business Expense Protection Act of 2020 — Informed