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Tax Rebate for Small Businesses and Organizations

This act introduces a tax rebate for eligible small businesses and certain non-profit organizations. The rebate, up to $120,000, is calculated based on 30% of 2019 or 2020 gross receipts to provide financial support.
Key points
Small businesses and eligible non-profits can receive a tax rebate.
The rebate amount depends on past year's revenue, up to a maximum of $120,000.
To qualify, a business must meet criteria for gross receipts (generally under $1.5M) and employee count (under 50 full-time).
Advance payments of this rebate are possible.
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Additional Information
Print number: 117_HR_524
Sponsor: Rep. Dean, Madeleine [D-PA-4]
Process start date: 2021-01-28
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Restore America’s Main Street Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_524.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • Small businesses and eligible non-profits can receive a tax rebate.
  • The rebate amount depends on past year's revenue, up to a maximum of $120,000.
  • To qualify, a business must meet criteria for gross receipts (generally under $1.5M) and employee count (under 50 full-time).
  • Advance payments of this rebate are possible.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Dean, Madeleine [D-PA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy