H.R. 7473 · 116th Congress
Main Street Revival Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
This bill allows a specified small business to elect to pay its first-year employment taxes in four equal installments.
What it does: CRS summary · Introduced in House · Jul 1, 2020
Main Street Revival Act of 2020
This bill allows a specified small business to elect to pay its first-year employment taxes in four equal installments. The bill defines specified small business as any HUBZone business (a business operating in a historically underutilized business zone as defined by the Small Business Act) that is not reasonably expected to employ more than 25 full-time employees in its first year of operation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Main Street Revival Act of 2020
Latest action (Jul 1, 2020): Referred to the Subcommittee on Select Revenue Measures.
Policy area: Taxation · Origin: House · Introduced: Jul 1, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.