3.0.0 3596 2023-01-11T13:42:45Z 2023-01-11T13:42:45Z Senate S 2020-05-04 116 ssfi00 Finance Committee Senate Standing Referred to 2020-05-04T22:15:54Z Small Business Expense Protection Act of 2020 116 6821 HR 2020-05-12 Referred to the House Committee on Ways and Means. Related bill CRS Small Business Expense Protection Act of 2020 116 3612 S 2020-05-05 Read twice and referred to the Committee on Finance. Related bill CRS 2020-05-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN N L000594 Sen. Loeffler, Kelly [R-GA] Kelly Loeffler R GA 2020-05-04 True H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2020-05-04 True M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2020-05-04 True S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2020-05-14 False J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2020-08-05 False Taxation Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Government lending and loan guarantees Income tax deductions Income tax exclusion Infectious and parasitic diseases Small business Taxation 00 2020-05-04 Introduced in Senate 2020-05-20T15:26:32Z 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).

]]> Safeguarding Small Business Act Display Title Safeguarding Small Business Act Short Title(s) as Introduced Safeguarding Small Business Act Introduced in Senate IS Official Title as Introduced A bill to make technical corrections to the CARES Act to remove all tax liability associated with loan forgiveness under the Paycheck Protection Program. Introduced in Senate IS Introduced in Senate 2020-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3596is/xml/BILLS-116s3596is.xml 2020-05-04 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.