United States · Bill · S
S. 1226 (116th)
Access Business Credit Act of 2019
Introduced
29 April 2019
Last action
29 April 2019 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Rounds, Mike [R-SD], Sen. Duckworth, Tammy [D-IL]
Subjects
Agriculture, Taxation
Source updated
3 January 2025
Summary
Access Business Credit Act of 201 9 This bill modifies the requirements for calculating taxable income to exclude from the gross income of certain banks interest received on small business loans of up to $5 million. The bill applies to loans that are (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business. To be eligible for the exclusion, the bank must have less than $50 billion in assets at the closing of the preceding taxable year.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
29 April 2019
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
29 April 2019
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 29 April 2019 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 29 April 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 April 2019
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Introduced in Senate
summary · EN · 29 April 2019
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Rounds, Mike [R-SD] · R · Sponsor
- Sen. Duckworth, Tammy [D-IL] · D · Sponsor
- · ssfi00 · Standing
Related records
- related to ← ABC Act of 2019
- related to ← Access Business Credit Act of 2018
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/1226
- Open data entity: https://api.congress.gov/v3/bill/116/s/1226
- us · 116-s-1226 · source updated 3 January 2025