Small Business Expense Protection Act of 2020
USA116th CongressS-3612| Senate
| Updated: 5/5/2020
John Cornyn
Republican Senator
Texas
Cosponsors (41)
Bill Cassidy (Republican)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jerry Moran (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Thomas R. Carper (Democratic)Amy Klobuchar (Democratic)Michael B. Enzi (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)Doug Jones (Democratic)Roy Blunt (Republican)Kelly Loeffler (Republican)Kyrsten Sinema (Independent)Jacky Rosen (Democratic)John Thune (Republican)Mike Rounds (Republican)Kevin Cramer (Republican)James Lankford (Republican)Debbie Stabenow (Democratic)John Kennedy (Republican)Deb Fischer (Republican)John Barrasso (Republican)Sherrod Brown (Democratic)Pat Roberts (Republican)Tammy Baldwin (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Steve Daines (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)Mike Crapo (Republican)Lisa Murkowski (Republican)Richard Burr (Republican)Shelley Moore Capito (Republican)
Finance 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
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
Small Business Expense Protection Act of 2020
USA116th CongressS-3612| Senate
| Updated: 5/5/2020
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 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.
John Cornyn
Republican Senator
Texas
Cosponsors (41)
Bill Cassidy (Republican)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jerry Moran (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Thomas R. Carper (Democratic)Amy Klobuchar (Democratic)Michael B. Enzi (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)Doug Jones (Democratic)Roy Blunt (Republican)Kelly Loeffler (Republican)Kyrsten Sinema (Independent)Jacky Rosen (Democratic)John Thune (Republican)Mike Rounds (Republican)Kevin Cramer (Republican)James Lankford (Republican)Debbie Stabenow (Democratic)John Kennedy (Republican)Deb Fischer (Republican)John Barrasso (Republican)Sherrod Brown (Democratic)Pat Roberts (Republican)Tammy Baldwin (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Steve Daines (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)Mike Crapo (Republican)Lisa Murkowski (Republican)Richard Burr (Republican)Shelley Moore Capito (Republican)
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