Referred to the Subcommittee on Select Revenue Measures.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jul 1, 2020
Main Street Revival Act of 2020
This bill 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.
Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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