S. 3612 · 116th Congress
Small Business Expense Protection Act of 2020
- Stage
- In committee
- Sponsor
- John Cornyn
- Introduced
- 2020-05-05
- Latest action
- 2020-05-05 · Introduced in Senate
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).