HR 9214 · 117th Congress

ABC Act of 2022

<p><b>Access Business Credit Act of 2022</b> <b>or the ABC Act of 2022</b></p> <p>This bill excludes from the gross income of certain banks, for income tax purposes, interest received on small business loans of up to $5 million. The exclusion does not apply to interest received after 2027.</p> <p>The bill applies t…

Sponsor

Kim, Andy (D-NJ)

Introduced

2022-10-21

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.