,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #ffai  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bd1 #bjbj,ms4 
,dean 7= h]self & ,mr4 ,kilm]7 introduc$
 ! foll[+ bill2 :i* 0 ref]r$ to !       
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to provide advance tax refunds to 
small bus9esses1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,re/ore ,am]ica's ,ma9 ,/reet ,act4  #b4
 ,small bus9ess rebate  7a7 ,9 g5]al    
,sub*apt] ,b ( *apt] #fe ( subtitle ,f (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by ins]t+ aft] section #fdbh !    
foll[+ new section3  #fdbh;,a4 ,small   
,bus9ess ,rebate  7a7 ,all[ance ( cr$it 
7#a7 ,9 g5]al ,9 ! case ( a qualify+    
bus9ess1 !re %all be all[$ z a cr$it    
aga9/ ! tax impos$ by subtitle ,a = !   
fir/ taxable ye> beg9n+ 9 #bjbj an am\nt
 equal to ! less] (-- 7,a7 #cj p]c5t (  
qualifi$ gross receipts ( su* qualify+  
bus9ess = ! fir/ taxable ye> beg9n+ 9   
#bjai1 or  7,b7 #abj1jjj4  7#b7 ,special

 rule ,9 ! case (-- 7,a7 a qualify+     
bus9ess :i* did n file a tax return = ! 
taxable ye> describ$ 9 p>agraph         
7#a77;,a71 or  7,b7 a sole proprietor%ip
 = :i* gross receipts 7 n report$ on a  
return ( tax = su* taxable ye>1  su*    
p>agraph %all be appli$ by sub/itut+    
#bjah = #bjai4  7#c7 ,qualifi$ gross    
receipts ,= purposes ( p>agraph         
7#a77;,a71 ! t]m qualifi$ gross receipts
 means gross receipts ( ! qualify+      
bus9ess :i* are effectively connect$ ) !
 conduct ( a trade or bus9ess )9 !      
,unit$ ,/ates 7)9 ! mean+ ( section     
#hfd7;c71 det]m9$ by sub/itut+ qualify+ 
bus9ess = nonresid5t ali5 individual or 
a =eign corporation or = =eign          
corporation ea* place x appe>s7 = !     
applicable taxable ye> "u p>agraph      
7#a77;,a71 z report$ by ! taxpay] on--  
7,a7 9 ! case ( a qualify+ bus9ess :i*  
is a p>tn]%ip1 ! return requir$ to be   
fil$ "u section #fjca1  7,b7 9 ! case ( 
a qualify+ bus9ess :i* is an ,s         
corporation1 ! return requir$ to be fil$

 "u section #fjcg1 &  7,c7 9 ! case (   
any o!r qualify+ bus9ess1 ! return ( tax
 = ! taxable ye>4  7b7 ,qualify+ bus9ess
  7#a7 ,9 g5]al ,= purposes ( ?is       
section1 ! t]m qualify+ bus9ess means   
any p]son :i*-- 7,a7 meets ! gross      
receipts te/ ( subsection 7c7 ( section 
#ddh = ! applicable taxable ye> "u      
subsection 7a77#a77;,a71 except t       
subsection 7c7 ( section #ddh %all be   
appli$-- 7i7 )\t reg>d to p>agraph 7#d7 
( su* subsection1 &  7ii7 by sub/itut+  
#a1ejj1jjj = #be1jjj1jjj1 &  7,b7 )     
respect to ! prec$+ cal5d> ye>1 employ$ 
an av]age ( n great] ?an #ej full-"t    
employees 7z su* t]m is def9$ 9 p>agraph
 7#d7 ( section #dihj;,h7c77 on bus9ess 
days dur+ su* cal5d> ye>4  7#b7 ,special
 rule ,= purposes ( p>agraph 7#a77;,a71 
9 ! case ( any taxpay] :i* is n a       
corporation or a p>tn]%ip1 ! gross      
receipts te/ ( section #ddh7;c7 %all be 
appli$ 9 ! same mann] z if su* taxpay] 7
 a corporation or p>tn]%ip4  7#c7       
,full-"t equival5ts ,= purposes (       

p>agraph 7#a77;,b71 ! numb] ( full-"t   
employees %all be det]m9$ pursuant to   
rules simil> to ! rules describ$ 9      
p>agraph 7#b77;,e7 ( section            
#dihj;,h7c74  7#d7 ,aggregation rules   
,all p]sons treat$ z a s+le employ] "u  
subsection 7a7 or 7b7 ( section #eb or  
subsection 7m7 or 7o7 ( section #dad    
%all be treat$ z a s+le p]son = purposes
 ( p>agraph 7#a77;,b74  7#e7 ,qualifi$  
organizations  7,a7 ,inclusion z        
qualify+ bus9ess  7i7 ,9 g5]al ,=       
purposes ( ?is section1 ! t]m qualify+  
bus9ess %all include any qualifi$       
organization4  7ii7 ,def9ition ,=       
purposes ( ?is p>agraph1 ! t]m qualifi$ 
organization means an organization :i*--
 7,i7 is describ$ 9 section #eja7;c77#c7
 & exempt f tax "u section #eja7;a71    
7,,ii7 is describ$ 9 section            
#agj7;b77#a77;,a71  7,,iii7 is n        
describ$ 9 section #eji7;a77#c71 &      
7,,iv7 satisfies ! requirem5ts "u       
subp>agraphs 7,a7 & 7,b7 ( p>agraph     
7#a74  7,b7 ,qualifi$ gross receipts    

7i7 ,9 g5]al ,= purposes ( subsection   
7a77#a77;,a71 9 ! case ( a qualifi$     
organization1 ! t]m qualifi$ gross      
receipts means gross receipts ( !       
organization = ! taxable ye> describ$ 9 
su* subsection4  7ii7 ,special rule ,9 !
 case ( a qualifi$ organization :i* did 
n file a tax return = ! taxable ye>     
describ$ 9 subsection 7a77#a77;,a71 su* 
subsection %all be appli$ by sub/itut+  
#bjah = #bjai4  7iii7 ,organization     
exempt f fil+  7,i7 ,9 g5]al ,9 ! case (
 an organization :i* is exempt f fil+ a 
return pursuant to section #fjcc7;a7 or 
:i* is n requir$ to include 9 su* return
 ! in=mation necess>y to det]m9e ! am\nt
 ( ! cr$it all[$ "u ?is section1 su*    
organization may submit to ! ,secret>y  
79 su* =m & mann] z is deem$ appropriate
 by ! ,secret>y7 any in=mation requir$ =
 purposes ( det]m9+-- 7aa7 :e!r su*     
organization satisfies ! requirem5ts "u 
subp>agraphs 7,a7 & 7,b7 ( p>agraph     
7#a71 &  7bb7 ! am\nt ( ! cr$it all[$ "u
 subsection 7a77#a74  7,,ii7 ,publicity 

( in=mation ,= purposes ( section #fajd1
 any in=mation submitt$ by an           
organization "u subclause 7,i7 %all be  
deem$ to be in=mation requir$ to be     
furni%$ by su* organization pursuant to 
section #fjcc4  7c7 ,treatm5t ( cr$it ,!
 cr$it all[$ by subsection 7a7 %all be  
treat$ z all[$ by subp>t ,c ( "p ,,iv ( 
sub*apt] ,a ( *apt] #a4  7d7            
,coord9ation ) advance refunds ( cr$it  
,! am\nt ( cr$it :i* w\ld 7b = ?is      
subsection7 be all[able "u ?is section  
%all be r$uc$ 7b n bel[ z]o7 by !       
aggregate refunds & cr$its made or all[$
 to ! taxpay] "u subsection 7e74 ,any   
failure to s r$uce ! cr$it %all be      
treat$ z aris+ out ( a ma!matical or    
cl]ical error & assess$ accord+ to      
section #fbac7;b77#a74  7e7 ,advance    
refunds & cr$its  7#a7 ,9 g5]al ,any    
p]son :i* 0 a qualify+ bus9ess = su*    
p]son's la/ taxable ye> end+ be=e       
,janu>y #a1 #bjbj1 %all be treat$ z hav+
 made a paym5t aga9/ ! tax impos$ by    
*apt] #a = su* taxable ye> 9 an am\nt   

equal to ! advance refund am\nt = su*   
taxable ye>1 reg>dless ( :e!r su* tax   
w\ld h be5 impos$ on su* p]son4  7#b7   
,advance refund am\nt ,= purposes (     
p>agraph 7#a71 ! advance refund am\nt is
 ! am\nt t w\ld h be5 all[$ z a cr$it "u
 ?is section = su* taxable ye> if ?is   
section 7o!r ?an subsection 7d7 & ?is   
subsection7 _h appli$ to su* taxable    
ye>4  7#c7 ,tim+ ( paym5ts ,! ,secret>y 
%all1 subject to ! provisions ( ?is     
title1 refund or cr$it any ov]paym5t    
attributable to ?is section z rapidly z 
possible4 ,no refund or cr$it %all be   
made or all[$ "u ?is subsection aft]    
,decemb] #ca1 #bjbj4  7#d7 ,no int]e/   
,no int]e/ %all be all[$ on any         
ov]paym5t attributable to ?is section4  
4  7b7 ,con=m+ am5dm5ts  7#a7 ,def9ition
 ( defici5cy ,section #fbaa7;b77#d77;,a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ & #cf;,b1 #afh7k77#d7 &  
ins]t+ #cf;,b1 & #fdbh;,a4  7#b7        
,p>agraph 7#b7 ( section #acbd7;b7 (    
title #ca1 ,unit$ ,/ates ,code1 is am5d$

 by ins]t+ 8#fdbh;,a10 aft]             
8#ed;,b7h7104  7#c7 ,! table ( sections 
= sub*apt] ,b ( *apt] #fe ( subtitle ,f 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #fdbh ! foll[+3  ,sec4 #fdbh;,a4
 ,small bus9ess rebate4  4