US SB3549 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on March 20 2020 - 25% progression, died in committee
Action: 2020-03-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 20 2020 - 25% progression, died in committee
Action: 2020-03-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows (1) certain small businesses ($1 million or less in gross receipts and not more than 50 full time employees) a tax credit for the lesser of 30% of their gross receipts or $75,000 for the first taxable year beginning in 2020, (2) deferral of estimated tax payments for such businesses, and (3) certain small business employers a payroll tax credit for 50% of wages paid to their employees unable to work due to COVID-19 (i.e., the coronavirus disease 2019).
Title
Save America's Main Street Act
Sponsors
| Sen. Ron Wyden [D-OR] | Sen. Benjamin Cardin [D-MD] | Sen. Mark Warner [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-20 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6619 (Related) 2020-04-24 - Referred to the House Committee on Ways and Means.
Subjects
Appropriations
Cardiovascular and respiratory health
Disability assistance
Disaster relief and insurance
Emergency medical services and trauma care
Employee benefits and pensions
Employment taxes
Government trust funds
Income tax credits
Infectious and parasitic diseases
Railroads
Small business
Social security and elderly assistance
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Transportation employees
Unemployment
Wages and earnings
Cardiovascular and respiratory health
Disability assistance
Disaster relief and insurance
Emergency medical services and trauma care
Employee benefits and pensions
Employment taxes
Government trust funds
Income tax credits
Infectious and parasitic diseases
Railroads
Small business
Social security and elderly assistance
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Transportation employees
Unemployment
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3549/all-info |
| Text | https://www.congress.gov/116/bills/s3549/BILLS-116s3549is.pdf |
