,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fhhd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ae1 #bjbj,mr4  
,newhouse introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to       
clarify for purposes of the ,internal   
,revenue ,code of #aihf that receipt of 
coronavirus assistance does not affect  
the tax treatment of ordinary business  
expenses4  #a4 ,short title ,this ,act  
may be cited as the ,fixing the ,income 
,ramifications for ,small ,businesses   
and ,tax ,relief ,act or the ,,first    
,act4  #b4 ,clarification of treatment  
of business expenses  7a7 ,in general   
,subsection 7i7 of section #aajf of the 
,,cares ,act 7,public ,law #aaf-acf7 is 
amended-- 7#a7 by striking #aihf1 any   
amount and inserting 8#aihf--  7#a7 any 
amount  2  7#b7 by striking the period  
at the end and inserting 1 and2 and     
7#c7 by adding at the end the following 
new paragraph3  7#b7 no deduction shall 
be denied or reduced1 no tax attribute  

shall be reduced1 and no basis increase 
shall be denied1 by reason of the       
exclusion from gross income provided by 
paragraph 7#a74  4  7b7 ,effective date 
,the amendments made by this section    
shall apply as if included in the       
enactment of section #aajf of the       
,,cares ,act 7,public ,law #aaf-acf74