US HB6619 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on April 24 2020 - 25% progression, died in committee
Action: 2020-04-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 24 2020 - 25% progression, died in committee
Action: 2020-04-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Restore America’s Main Street Act
Sponsors
| Rep. Madeleine Dean [D-PA] | Rep. Derek Kilmer [D-WA] | Rep. Grace Napolitano [D-CA] | Rep. Max Rose [D-NY] |
| Rep. Alcee Hastings [D-FL] | Rep. Debra Haaland [D-NM] | Rep. Thomas Suozzi [D-NY] | Rep. Chellie Pingree [D-ME] |
| Rep. Andre Carson [D-IN] | Rep. Bill Foster [D-IL] | Rep. Sylvia Garcia [D-TX] | Rep. Grace Meng [D-NY] |
| Rep. Eleanor Norton [D-DC] | Rep. Dwight Evans [D-PA] | Rep. Ed Perlmutter [D-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-24 | House | Referred to the House Committee on Ways and Means. |
| 2020-04-24 | House | Introduced in House |
Same As/Similar To
SB3549 (Related) 2020-03-20 - Read twice and referred to the Committee on Finance.
Subjects
Income tax credits
Small business
Social work, volunteer service, charitable organizations
Tax-exempt organizations
Taxation
Small business
Social work, volunteer service, charitable organizations
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6619/all-info |
| Text | https://www.congress.gov/116/bills/hr6619/BILLS-116hr6619ih.pdf |
