HR 524 · 117th Congress · Taxation

Restore America’s Main Street Act of 2021

Introduced 2021-01-28· Sponsored by Rep. Dean, Madeleine [D-PA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Restore America's Main Street Act of 2021 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 2021, or $120,000. The credit is also available to certain charitable organizations.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Kilmer, Derek [D-WA-6]WA