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H.R. 2409

Main Street Revival Act

Main Street Revival Act

Amends the Internal Revenue Code to allow a specified small business to pay its first-year employment taxes in four annual installments. 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.

Referred to the House Committee on Ways and Means.

Rep. Swalwell, Eric [D-CA-15](D-CA)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Main Street Revival Act — Informed