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Restore America’s Main Street Act

USA116th CongressHR-6619| House 
| Updated: 4/24/2020
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (14)
Dwight Evans (Democratic)Sylvia R. Garcia (Democratic)Derek Kilmer (Democratic)Bill Foster (Democratic)Debra A. Haaland (Democratic)Max Rose (Democratic)Thomas R. Suozzi (Democratic)André Carson (Democratic)Eleanor Holmes Norton (Democratic)Ed Perlmutter (Democratic)Grace Meng (Democratic)Alcee L. Hastings (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Apr 24, 2020
Introduced in House
Apr 24, 2020
Referred to the House Committee on Ways and Means.
  • April 24, 2020
    Introduced in House


  • April 24, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 116-3549: Save America's Main Street Act
Income tax creditsSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations

Restore America’s Main Street Act

USA116th CongressHR-6619| House 
| Updated: 4/24/2020
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.
View Full Text

Suggested Questions

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

Timeline
Apr 24, 2020
Introduced in House
Apr 24, 2020
Referred to the House Committee on Ways and Means.
  • April 24, 2020
    Introduced in House


  • April 24, 2020
    Referred to the House Committee on Ways and Means.
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (14)
Dwight Evans (Democratic)Sylvia R. Garcia (Democratic)Derek Kilmer (Democratic)Bill Foster (Democratic)Debra A. Haaland (Democratic)Max Rose (Democratic)Thomas R. Suozzi (Democratic)André Carson (Democratic)Eleanor Holmes Norton (Democratic)Ed Perlmutter (Democratic)Grace Meng (Democratic)Alcee L. Hastings (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 116-3549: Save America's Main Street Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax creditsSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations