H.R. 6354 · 116th Congress
Small Business Assistance Act of 2020
- Stage
- In committee
- Sponsor
- Ron Kind
- Introduced
- 2020-03-23
- Latest action
- 2020-03-23 · Introduced in House
Summary
Small Business Assistance Act of 2020
This bill allows a one-time tax credit to small businesses to cover rent or mortgage payments paid or incurred by such businesses during the first four months of 2020. The credit allowable to a taxpayer may not exceed $50,000 in any taxable year.