H.R. 6619 · 116th Congress
Restore America’s Main Street Act
- Stage
- In committee
- Sponsor
- Madeleine Dean
- Introduced
- 2020-04-24
- Latest action
- 2020-04-24 · Introduced in House
Summary
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.