US HB6884 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on May 15 2020 - 25% progression, died in committee
Action: 2020-05-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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).

Tracking Information

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Title

FIRST Act Fixing the Income Ramifications for Small Businesses and Tax Relief Act

Sponsors


History

DateChamberAction
2020-05-15HouseReferred to the House Committee on Ways and Means.
2020-05-15HouseIntroduced in House

Same As/Similar To

HB6821 (Related) 2020-05-12 - Referred to the House Committee on Ways and Means.
SB3612 (Related) 2020-05-05 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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