HR 6354 · 116th Congress · Taxation

Small Business Assistance Act of 2020

Introduced 2020-03-23· Sponsored by Rep. Kind, Ron [D-WI-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans
Rep. Rice, Tom [R-SC-7]SC
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Kelly, Mike [R-PA-16]PA