Summary: H.R.6354 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6354. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/23/2020)

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.