House Bill 7473
116th Congress(2019-2020)
Main Street Revival Act of 2020
Introduced
Introduced in House on Jul 1, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7473
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
July 1, 2020
07/01/2020
Referred to the Subcommittee on Select Revenue Measures.
07/01/2020
Referred to the House Committee on Ways and Means.
07/01/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:46:01 PM