S 3549
116th Congress
Senate
Taxation
Appropriations
Cardiovascular and respiratory health
Disability assistance
Disaster relief and insurance
Emergency medical services and trauma care
Employee benefits and pensions
Employment taxes
Government trust funds
Income tax credits
Infectious and parasitic diseases
Railroads
Small business
Social security and elderly assistance
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Transportation employees
Unemployment
Wages and earnings
Save America's Main Street Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 2020
Read twice and referred to the Committee on Finance.
Mar 20, 2020
Introduced in Senate
Plain-English 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).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1