Safeguarding Small Business Act
USA116th CongressS-3596| Senate
| Updated: 5/4/2020
Mike Braun
Republican Senator
Indiana
Cosponsors (5)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Safeguarding Small Business Act This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise tax deductible 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
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesIncome tax deductionsIncome tax exclusionInfectious and parasitic diseasesSmall business
Safeguarding Small Business Act
USA116th CongressS-3596| Senate
| Updated: 5/4/2020
Safeguarding Small Business Act This bill amends the Coronavirus Aid, Relief, and Economic Security Act to provide that otherwise tax deductible 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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Mike Braun
Republican Senator
Indiana
Cosponsors (5)
Finance Committee
Taxation
Related Bills
- 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