H.R. 524 · 117th Congress
Restore America’s Main Street Act of 2021
- Stage
- In committee
- Sponsor
- Madeleine Dean
- Introduced
- 2021-01-28
- Latest action
- 2021-01-28 · Introduced in House
Summary
Restore America's Main Street Act of 2021
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 2021, or $120,000. The credit is also available to certain charitable organizations.