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United States · Bill · HR

H.R. 6884 (116th)

FIRST Act

referredUnited States· United States Congress· EN

Introduced

15 May 2020

Last action

15 May 2020 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Newhouse, Dan [R-WA-4], Rep. Phillips, Dean [D-MN-3]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Fixing the Income Ramifications for Small Businesses and Tax Relief Act or the FIRST Act This bill 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).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 May 2020

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 May 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 May 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 15 May 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 15 May 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 15 May 2020

    Open at official source

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Sponsors

Related records

Sources

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