US HB2447 | 2009-2010 | 111th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Introduced on May 14 2009 - 25% progression, died in committee
Action: 2009-05-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 14 2009 - 25% progression, died in committee
Action: 2009-05-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Efficiency Act of 2009 - Amends the Internal Revenue Code to treat professional employer organizations (PEOs), certified by the Internal Revenue Service (IRS), as employers for employment tax purposes (thus allowing such PEOs to pay wages and collect and remit payroll taxes on behalf of an employer). Sets forth IRS certification requirements for PEOs, including financial review and reporting requirements. Requires a PEO to post a bond, up to $1 million, to guarantee payment of employment taxes. Limits the required bond amount to $50,000 for a newly created PEO during its three-year startup period.
Title
Small Business Efficiency Act of 2009
Sponsors
Rep. Kevin Brady [R-TX] | Rep. Vern Buchanan [R-FL] | Rep. Wally Herger [R-CA] | Rep. Ron Kind [D-WI] |
Rep. Scott Murphy [D-NY] | Rep. Earl Pomeroy [D-ND] | Rep. Paul Tonko [D-NY] | Rep. Paul Tonko [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2009-05-14 | Referred to the House Committee on Ways and Means. |
Subjects
Accounting and auditing
Contracts and agency
Employment taxes
Licensing and registrations
Tax administration and collection, taxpayers
Taxation
User charges and fees
Wages and earnings
Contracts and agency
Employment taxes
Licensing and registrations
Tax administration and collection, taxpayers
Taxation
User charges and fees
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/2447/all-info |
Text | https://www.congress.gov/111/bills/hr2447/BILLS-111hr2447ih.pdf |