House Bill 6354
116th Congress(2019-2020)
Small Business Assistance Act of 2020
Introduced
Introduced in House on Mar 23, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6354
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.
March 23, 2020
03/23/2020
Referred to the House Committee on Ways and Means.
03/23/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:27 PM