HR 7473 · 116th Congress · Taxation
Main Street Revival Act of 2020
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Select Revenue Measures.(2020-07-01)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only