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Restore America’s Main Street Act of 2021

USA117th CongressHR-524| House 
| Updated: 1/28/2021
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (1)
Derek Kilmer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-6619
Restore America’s Main Street Act
Jan 28, 2021
Introduced in House
Jan 28, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-6619
    Restore America’s Main Street Act


  • January 28, 2021
    Introduced in House


  • January 28, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Income tax creditsSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations

Restore America’s Main Street Act of 2021

USA117th CongressHR-524| House 
| Updated: 1/28/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-6619
Restore America’s Main Street Act
Jan 28, 2021
Introduced in House
Jan 28, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-6619
    Restore America’s Main Street Act


  • January 28, 2021
    Introduced in House


  • January 28, 2021
    Referred to the House Committee on Ways and Means.
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (1)
Derek Kilmer (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax creditsSmall businessSocial work, volunteer service, charitable organizationsTax-exempt organizations