US HB7473 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on July 1 2020 - 25% progression, died in committee
Action: 2020-07-01 - Referred to the Subcommittee on Select Revenue Measures.
Pending: House Subcommittee on Select Revenue Measures Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 1 2020 - 25% progression, died in committee
Action: 2020-07-01 - Referred to the Subcommittee on Select Revenue Measures.
Pending: House Subcommittee on Select Revenue Measures Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Main Street Revival Act of 2020
Sponsors
| Rep. Eric Swalwell [D-CA] | Rep. John Katko [R-NY] | Rep. Harley Rouda [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-07-01 | House | Referred to the Subcommittee on Select Revenue Measures. |
| 2020-07-01 | House | Referred to the House Committee on Ways and Means. |
| 2020-07-01 | House | Introduced in House |
Same As/Similar To
SB4382 (Same As) 2020-07-30 - Read twice and referred to the Committee on Rules and Administration.
Subjects
Bank accounts, deposits, capital
Debt collection
Economic performance and conditions
Employment taxes
Small business
Tax administration and collection, taxpayers
Taxation
Debt collection
Economic performance and conditions
Employment taxes
Small business
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7473/all-info |
| Text | https://www.congress.gov/116/bills/hr7473/BILLS-116hr7473ih.pdf |
