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- S.3549
S.3549: Save America's Main Street Act
About This Bill
- Introduced March 20, 2020
- Latest Major Action March 20, 2020
Bill Sponsor
Bill Version
- Introduced in Senate - March 20, 2020
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 20, 2020 |
Read twice and referred to the Committee on Finance.
|
| March 20, 2020 |
Introduced in the Senate by Ron Wyden (D-Ore.) |