To amend the Internal Revenue Code of 1986 to allow small businesses to defer the payment of certain employment taxes.
Main Street Revival Act of 2017
This bill amends the Internal Revenue Code to allow a specified small business 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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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