HR 6619 · 116th Congress · Taxation
Restore America’s Main Street Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2020-04-24)
Plain Language Summary
[AI summary unavailable — showing source text]
Restore America's Main Street Act This bill provides a small business with $1.5 million or less in gross receipts and not more than 50 full-time employees a refundable tax credit (rebate) equal to the lesser of 30% of its gross receipts for the first taxable year beginning in 2019, or $120,000. The credit is also available to certain charitable organizations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (14)
14 Democrats