legislation: 116-hr-8656

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-hr-8656 116 hr 8656 Small Business Emergency Savings Accounts Act of 2020 Taxation 2020-10-23 2020-10-23 Referred to the House Committee on Ways and Means. House Rep. Cloud, Michael [R-TX-27] TX R C001115 3 Small Business Emergency Savings Accounts Act of 2020 This bill allows a new tax deduction from gross income for amounts paid into a small business emergency savings account. Such savings accounts are established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health emergency expenses as disaster loss replacement expenses, disaster recovery operations expenses, and public health emergency expenses. 2023-01-11T13:44:29Z https://www.congress.gov/bill/116th-congress/house-bill/8656

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