,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fced  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bc1 #bjbj,mr4
 ,kind 7for himself1 ,mr4 ,rice of      
,south ,carolina1 ,ms4 ,sewell of       
,alabama1 and ,mr4 ,kelly of            
,pennsylvania7 introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide a one-time   
emergency tax credit to small businesses
 to cover rent and mortgage payments4   
#a4 ,short title ,this ,act may be cited
 as the ,small ,business ,assistance    
,act of #bjbj4  #b4 ,tax credit to small
 businesses to cover rent and mortgage  
payments  7a7 ,allowance of credit  7#a7
 ,in general ,in the case of an eligible
 small business1 there shall be allowed 
as a credit against the tax imposed by  
chapter #a of the ,internal ,revenue    
,code of #aihf for the first taxable    
year beginning on or after ,january #a1 
#bjai1 an amount equal to the sum of any

 qualified rent or mortgage expenditures
 which-- 7,a7 relate to any real        
property which is primarily used in a   
trade or business of such eligible small
 business which is a qualified trade or 
business 7as defined in section         
#aii;,a7d771 and  7,b7 are paid or      
incurred by such eligible small business
 during the first #d months of #bjbj4   
7#b7 ,limitation ,the amount of the     
credit allowable to a taxpayer under    
paragraph 7#a7 for any taxable year     
shall not exceed #ej1jjj4  7b7 ,eligible
 small business ,for purposes of this   
section-- 7#a7 ,in general ,the term    
eligible small business means1 with     
respect to calendar year #bjai1 an      
employer who has employed an average of 
not greater than #ejj full-time         
employees on business days during such  
calendar year4  7#b7 ,application of    
aggregation rule for employers ,all     
persons treated as a single employer    
under subsection 7b71 7c71 7m71 or 7o7  
of section #dad of the ,internal        

,revenue ,code of #aihf shall be treated
 as #a employer4  7c7 ,qualified rent or
 mortgage expenditures ,for purposes of 
this section1 the term qualified rent or
 mortgage expenditures means an         
expenditure for rent or mortgage        
payments 7not including any amounts     
attributable to utilities7 that are paid
 pursuant to a contract entered into    
before the date of the enactment of this
 ,act4  7d7 ,expedited amended return   
process ,in the case of any eligible    
small business which has timely filed an
 amendment to the tax return for such   
business for the taxable year described 
in subsection 7a7 for the sole purpose  
of claiming the credit allowed under    
this section1 the ,secretary of the     
,treasury 7or the ,secretary's delegate7
 shall establish a separate and         
expedited process for reviewing and     
processing such amended returns4  7e7   
,regulations ,the ,secretary of the     
,treasury 7or the ,secretary's delegate7
 shall prescribe such regulations or    

guidance as may be necessary to carry   
out the provisions of this section1     
including regulations and guidance to   
prevent and identify fraud through the  
use of relevant information submitted by
 third parties which relates to the rent
 or mortgage expenditures claimed by a  
taxpayer for purposes of the credit     
allowed under this section4  7f7        
,effective date ,this section shall take
 effect on the date of enactment of this
 ,act4