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- S.3612
S.3612: Small Business Expense Protection Act of 2020
About This Bill
- Introduced May 5, 2020
- Latest Major Action May 5, 2020
Bill Sponsor
Bill Cosponsors
41 (13 Democrats, 28 Republicans)
Bill Version
- Introduced in Senate - May 5, 2020
Bill 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).
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
May 5, 2020 |
Read twice and referred to the Committee on Finance.
|
May 5, 2020 |
Introduced in the Senate by John Cornyn (R-Texas) |