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To amend the Internal Revenue Code of 1986 to allow small businesses to defer the payment of certain employment taxes.

USA115th CongressHR-2265| House 
| Updated: 5/1/2017
Chris Collins

Chris Collins

Republican Representative

New York

Cosponsors (1)
Eric Swalwell (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 1, 2017
Introduced in House
May 1, 2017
Referred to the House Committee on Ways and Means.
  • May 1, 2017
    Introduced in House


  • May 1, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Economic performance and conditionsEmployment taxesSmall businessTax administration and collection, taxpayers

To amend the Internal Revenue Code of 1986 to allow small businesses to defer the payment of certain employment taxes.

USA115th CongressHR-2265| House 
| Updated: 5/1/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 1, 2017
Introduced in House
May 1, 2017
Referred to the House Committee on Ways and Means.
  • May 1, 2017
    Introduced in House


  • May 1, 2017
    Referred to the House Committee on Ways and Means.
Chris Collins

Chris Collins

Republican Representative

New York

Cosponsors (1)
Eric Swalwell (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Economic performance and conditionsEmployment taxesSmall businessTax administration and collection, taxpayers