To amend the Internal Revenue Code of 1986 to allow small businesses to defer the payment of certain employment taxes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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