Save America's Main Street Act

Summary

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).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 March 2020

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 March 2020

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 March 2020

  Open at official source

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