H.R. 952 · 113th Congress
Main Street Revival Act
- Stage
- In committee
- Sponsor
- Eric Swalwell
- Introduced
- 2013-03-05
- Latest action
- 2013-03-05 · Introduced in House
Summary
Main Street Revival Act - Amends the Internal Revenue Code to allow a specified small business to pay its first-year employment taxes in four annual installments. 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.