US HB2409 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on May 19 2015 - 25% progression, died in committee
Action: 2015-05-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 19 2015 - 25% progression, died in committee
Action: 2015-05-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Main Street Revival Act Amends the Internal Revenue Code to allow a specified small business to pay its first-year employment taxes in four annual installments. 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.
Title
Main Street Revival Act
Sponsors
| Rep. Eric Swalwell [D-CA] | Rep. Chris Collins [R-NY] | Rep. Sean Maloney [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-05-19 | House | Referred to the House Committee on Ways and Means. |
| 2015-05-19 | House | Introduced in House |
Subjects
Economic performance and conditions
Employment taxes
Small business
Tax administration and collection, taxpayers
Taxation
Employment taxes
Small business
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/2409/all-info |
| Text | https://www.congress.gov/114/bills/hr2409/BILLS-114hr2409ih.pdf |
