Main Street Revival Act Proposed
If enacted H.R. 2265 would allow small businesses to defer the payment of certain employment taxes for the first year of operations. A business that opted for this deferral would then make 4 equal installments starting one year after the original due date. This option would be limited to businesses within a HUBZone that did not employ more than 25 full-time employees in the first year. A listing of current HUBZones can be found here.