H.R. 2265 · 115th Congress
Main Street Revival Act of 2017
- Stage
- In committee
- Sponsor
- Chris Collins
- Introduced
- 2017-05-01
- Latest action
- 2017-05-01 · Introduced in House
Summary
Main Street Revival Act of 2017
This bill amends the Internal Revenue Code to allow a specified small business 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.