H.R. 524 · 117th Congress · House

Restore America’s Main Street Act of 2021

Active· Referred to the House Committee on Ways and Means.
Introduced
Jan 28, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

3
  1. JAN 28, 2021IntroReferral

    Introduced in House

  2. JAN 28, 2021IntroReferral

    Introduced in House

  3. JAN 28, 2021IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Jan 28, 2021

Active