Sec. 2. Inclusion of rental payments on certain business-related items in the paycheck protection program
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Section 7(a)(36)(F)(i) of the Small Business Act ( 15 U.S.C. 636(a)(36)(F)(i) ) is amended— in subclause (VI), by striking and at the end; in subclause (VII), by striking the period at the end and inserting ; and ; and by adding at the end the following new subclause: rental payments made by an agricultural enterprise (as defined in section 18(b)) on property used solely for such agricultural enterprise, which shall include payments for equipment (including tractors, combines, forage harvesters, planters, sprayers, hay rakes and wagons, field equipment, irrigation equipment, tools, and supplies), land, and buildings. .
Section 1106(a) of the CARES Act ( Public Law 116–136 ) is amended— in paragraph (7)(D), by striking and at the end; in paragraph (8), by striking the period at the end and inserting ; and ; and by adding at the end the following new paragraph: the term covered rental payments made by an agricultural enterprise means rental payments made pursuant to an agreement in force before February 15, 2020, by an agricultural enterprise (as defined in section 18(b) the Small Business Act ( 15 U.S.C. 647(b) ) on property used solely for such agricultural enterprise, which shall include payments for equipment (including tractors, combines, forage harvesters, planters, sprayers, hay rakes and wagons, field equipment, irrigation equipment, tools, and supplies), land, and buildings. .
Section 1106(a)(7) of the CARES Act ( Public Law 116–136 ) is amended— in subparagraph (C), by striking and at the end; and by adding at the end the following new subparagraph: covered rental payments made by an agricultural enterprise; and . Section 1106(b) of the CARES Act ( Public Law 116–136 ) is amended by adding at the end the following new paragraphs: Covered rental payments made by an agricultural enterprise. . Section 1106 of the CARES Act ( Public Law 116–136 ) is amended— in subsection (e)— in paragraph (2), by striking payments on covered mortgage obligations, payments on covered lease obligations, and covered utility payments and inserting payments described under subsection
(b)(other than payroll costs) ; and in paragraph (3)(B), by striking , make interest payments and all that follows through or make covered utility payments and inserting or make payments described under subsection
(b); and in subsection (h), by striking payments for payroll costs, payments on covered mortgage obligations, payments on covered lease obligations, or covered utility payments each place it appears and inserting payments described under subsection
(b). Section 1106 of the CARES Act ( Public Law 116–136 ), is amended by striking covered lease each place such term appears and inserting covered rent .
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Sec. 2
Inclusion of rental payments on certain business-related items in the paycheck protection program
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