On Wednesday evening, the House passed bipartisan tax legislation that would restore several business tax breaks, reported Politico. The legislation was sent to the Senate by a vote of 357 to 70, with strong support from both parties.

Aside from allowing lower income families to claim more of the child tax credit, the bill also temporarily restores several business tax credits that have recently ended or begun to phase out, reported CNN. The restored benefits were originally part of the Republicans’ 2017 Tax Cuts and Jobs Act.

“The tax package restores the ability of businesses, like convenience stores, to deduct 100% of some investments in equipment such as gas pumps and other upgrades through next year. It also expands the ability of some businesses to expense things like HVAC systems under section 179 of the tax code. That provision is also indexed for future inflation. Another provision would return the ability of businesses to include deductions for depreciation and amortization in the calculation of adjusted gross income, also through next year. That provision that will help some businesses who take on debt while seeking to expand,” said Jon Taets, NACS government relations director.   

“The Tax Relief for American Families and Workers Act is pro-growth, pro-jobs, pro-America,” said House Ways and Means Chair Jason Smith (R-Mo.), the architect of the legislation along with Senate Finance Committee Chair Ron Wyden (D-Ore.). “It’s a strong commonsense bipartisan step forward in providing tax relief for working families and small businesses.”

According to Politico, the bill faces an uncertain future with the Senate, as some Senators are eager to make changes to the bill while others are calling for hearings.