Restore America’s Main Street Act of 2021
Summary
Restore America's Main Street Act of 2021 This bill 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 2021, or $120,000. The credit is also available to certain charitable organizations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
President
Introduced Jan 28, 2021
Last action Jan 28, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 28, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jan 28, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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