3.0.0 3549 2022-02-09T00:28:59Z 2022-02-09T00:28:59Z Senate S 2020-03-20 116 ssfi00 Finance Committee Senate Standing Referred to 2020-03-20T17:31:29Z Restore America’s Main Street Act 116 6619 HR 2020-04-24 Referred to the House Committee on Ways and Means. Related bill CRS 2020-03-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-03-20 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2020-03-20 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2020-03-24 False Taxation 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 Transportation employees Unemployment Wages and earnings Taxation 00 2020-03-20 Introduced in Senate 2020-04-16T16:26:41Z Save America's Main Street Act

This bill 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).

]]> Save America's Main Street Act Display Title Save America's Main Street Act Short Title(s) as Introduced Save America's Main Street Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide advance tax refunds to small businesses, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-03-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3549is/xml/BILLS-116s3549is.xml 2020-03-20 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.