,,ii  #aae? ,,congress  #b;d ,session   
,s4 #bcgh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #f1 #bjah,mr4 
,r\nds introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide an     
exclusion f gross income = int]e/ on    
c]ta9 small bus9ess loans4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,access 
,bus9ess ,cr$it ,act ( #bjah4  #b4      
,exclusion ( int]e/ on c]ta9 small      
bus9ess loans  7a7 ,9 g5]al ,"p ,,iii ( 
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci;,g ! foll[+ new      
section3  #aci;,h4 ,int]e/ on c]ta9     
small bus9ess loans  7a7 ,9 g5]al ,9 !  
case ( a bank describ$ 9 subsection 7c71
 gross income %all n include qualifi$   
int]e/ receiv$ f a small bus9ess dur+ ! 
taxable ye>4  7b7 ,qualifi$ int]e/ ,!   
t]m qualifi$ int]e/ means1 ) respect to 
a small bus9ess1 int]e/ on indebt$ness (
 n m ?an #e1jjj1jjj-- 7#a7 secur$ by l& 

situat$ 9 ! ,unit$ ,/ates t is us$ or   
held by ! small bus9ess 9 connection ) !
 active conduct ( a f>m+ bus9ess1 or    
7#b7 incurr$ 9 ! ord9>y c\rse ( ! trade 
or bus9ess ( ! small bus9ess4  7c7 ,bank
 describ$  7#a7 ,9 g5]al ,a bank is     
describ$ 9 ?is subsection if ! bank has 
less ?an #ej1jjj1jjj1jjj 9 assets at !  
close ( ! prec$+ taxable ye>4  7#b7     
,bank def9$ ,= purposes ( ?is           
subsection-- 7,a7 ,9 g5]al ,! t]m bank  
means--  7i7 any f9ancial in/itution    
describ$ 9 section #eha or #eia1 &  7ii7
 a corporation :i*1 "u ! laws ( ! ,/ate 
( its incorporation1 is subject to      
sup]vision & exam9ation by !            
,commission] ( ,bank+ or o!r (fic] ( su*
 ,/ate 9 *>ge ( ! adm9i/ration ( ! bank+
 laws ( su* ,/ate4  7,b7 ,hold+ company 
,! t]m bank includes-- 7i7 any bank     
hold+ company 7)9 ! mean+ ( section     
#b7;a7 ( ! ,bank ,hold+ ,company ,act ( 
#aief71 &  7ii7 any subsidi>y ( a       
f9ancial in/itution describ$ 9 section  
#eha or #eia or ( any bank hold+ company

 if su* subsidi>y is pr$om9antly engag$ 
7directly or indirectly7 9 ! active     
conduct ( a bank+1 f9anc+1 or simil>    
bus9ess4  7d7 ,small bus9ess ,! t]m     
small bus9ess means a small bus9ess     
conc]n z def9$ "u section #c ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74  7e7
 ,f>m+ bus9ess ,! t]m f>m+ bus9ess has !
 mean+ giv5 su* t]m by section          
#bfc;,a7e77#d74  4  7b7 ,cl]ical am5dm5t
 ,! table ( sections = "p ,,iii (       
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #aci;,g ! foll[+ new item3      
,sec4 #aci;,h4 ,int]e/ on c]ta9 small   
bus9ess loans4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to int]e/ receiv$ 9 taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjag4