Summary: H.R.524 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.524. Bill summaries are authored by CRS.

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Introduced in House (01/28/2021)

Restore America's Main Street Act of 2021

This bill provides a small business with $1.5 million or less in gross receipts and not more than 50 full-time employees a refundable tax credit (rebate) equal to the lesser of 30% of its gross receipts for the first taxable year beginning in 2021, or $120,000. The credit is also available to certain charitable organizations.