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Small Business Expense Protection Act of 2020

USA116th CongressHR-6821| House 
| Updated: 5/12/2020
George Holding

George Holding

Republican Representative

North Carolina

Cosponsors (73)
Dusty Johnson (Republican)David Schweikert (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Bob Gibbs (Republican)David Kustoff (Republican)Clay Higgins (Republican)John Katko (Republican)Tom Cole (Republican)Roger Marshall (Republican)Trent Kelly (Republican)Eric A. "Rick" Crawford (Republican)Devin Nunes (Republican)Steven M. Palazzo (Republican)Guy Reschenthaler (Republican)Jim Hagedorn (Republican)Don Young (Republican)Jim Banks (Republican)Mike Garcia (Republican)Steve Stivers (Republican)Gregory F. Murphy (Republican)Jefferson Van Drew (Republican)Neal P. Dunn (Republican)Van Taylor (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Glenn Thompson (Republican)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)William R. Timmons (Republican)Michael Waltz (Republican)Ken Calvert (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)A. Drew Ferguson (Republican)Daniel Meuser (Republican)David P. Joyce (Republican)Fred Upton (Republican)Jodey C. Arrington (Republican)Joe Wilson (Republican)Ann Wagner (Republican)Rodney Davis (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Glenn Grothman (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)James Comer (Republican)Mark E. Green (Republican)Mike Gallagher (Republican)Henry Cuellar (Democratic)Anthony Gonzalez (Republican)Chris Jacobs (Republican)Michael K. Simpson (Republican)Ted S. Yoho (Republican)Ron Wright (Republican)Bradley Byrne (Republican)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Bill Posey (Republican)Russ Fulcher (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Jack Bergman (Republican)Ted Budd (Republican)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)Troy Balderson (Republican)Fred Keller (Republican)Michael Guest (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline
May 5, 2020

Latest Companion Bill Action

S 116-3612
Introduced in Senate
May 12, 2020
Introduced in House
May 12, 2020
Referred to the House Committee on Ways and Means.
  • May 5, 2020

    Latest Companion Bill Action

    S 116-3612
    Introduced in Senate


  • May 12, 2020
    Introduced in House


  • May 12, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-6884: FIRST Act
  • S 116-3612: Small Business Expense Protection Act of 2020
  • S 116-3596: Safeguarding Small Business Act
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesSmall business

Small Business Expense Protection Act of 2020

USA116th CongressHR-6821| House 
| Updated: 5/12/2020
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 5, 2020

Latest Companion Bill Action

S 116-3612
Introduced in Senate
May 12, 2020
Introduced in House
May 12, 2020
Referred to the House Committee on Ways and Means.
  • May 5, 2020

    Latest Companion Bill Action

    S 116-3612
    Introduced in Senate


  • May 12, 2020
    Introduced in House


  • May 12, 2020
    Referred to the House Committee on Ways and Means.
George Holding

George Holding

Republican Representative

North Carolina

Cosponsors (73)
Dusty Johnson (Republican)David Schweikert (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Bob Gibbs (Republican)David Kustoff (Republican)Clay Higgins (Republican)John Katko (Republican)Tom Cole (Republican)Roger Marshall (Republican)Trent Kelly (Republican)Eric A. "Rick" Crawford (Republican)Devin Nunes (Republican)Steven M. Palazzo (Republican)Guy Reschenthaler (Republican)Jim Hagedorn (Republican)Don Young (Republican)Jim Banks (Republican)Mike Garcia (Republican)Steve Stivers (Republican)Gregory F. Murphy (Republican)Jefferson Van Drew (Republican)Neal P. Dunn (Republican)Van Taylor (Republican)Darin LaHood (Republican)Lance Gooden (Republican)Glenn Thompson (Republican)Brad R. Wenstrup (Republican)Jackie Walorski (Republican)William R. Timmons (Republican)Michael Waltz (Republican)Ken Calvert (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kenny Marchant (Republican)Gus M. Bilirakis (Republican)A. Drew Ferguson (Republican)Daniel Meuser (Republican)David P. Joyce (Republican)Fred Upton (Republican)Jodey C. Arrington (Republican)Joe Wilson (Republican)Ann Wagner (Republican)Rodney Davis (Republican)Mike Kelly (Republican)Richard Hudson (Republican)Glenn Grothman (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)John R. Moolenaar (Republican)James Comer (Republican)Mark E. Green (Republican)Mike Gallagher (Republican)Henry Cuellar (Democratic)Anthony Gonzalez (Republican)Chris Jacobs (Republican)Michael K. Simpson (Republican)Ted S. Yoho (Republican)Ron Wright (Republican)Bradley Byrne (Republican)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Bill Posey (Republican)Russ Fulcher (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)Jack Bergman (Republican)Ted Budd (Republican)Bill Johnson (Republican)Jaime Herrera Beutler (Republican)Troy Balderson (Republican)Fred Keller (Republican)Michael Guest (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-6884: FIRST Act
  • S 116-3612: Small Business Expense Protection Act of 2020
  • S 116-3596: Safeguarding Small Business Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesSmall business