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- S.1226
S.1226: Access Business Credit Act of 2019
About This Bill
- Introduced April 29, 2019
- Latest Major Action April 29, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - April 29, 2019
Bill Summary
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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 29, 2019 |
Read twice and referred to the Committee on Finance.
|
| April 29, 2019 |
Introduced in the Senate by Mike Rounds (R-S.D.) |