H.R. 6619 · 116th Congress

Restore America’s Main Street Act

Stage
In committee
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.