H.R. 7473 · 116th Congress
Main Street Revival Act of 2020
- Stage
- In committee
- Sponsor
- Eric Swalwell
- Introduced
- 2020-07-01
- Latest action
- 2020-07-01 · Introduced in House
Summary
Main Street Revival Act of 2020
This bill allows a specified small business to elect 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.