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S 2917 111th Congress Senate Taxation Congressional oversight Tax administration and collection, taxpayers

Small Business Penalty Fairness Act of 2009

Introduced: December 18, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2010
Held at the desk.
Feb 22, 2010
Received in the House.
Feb 11, 2010
Message on Senate action sent to the House.
Feb 9, 2010
Passed Senate without amendment by Unanimous Consent. (text: CR S542)
Feb 9, 2010
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S542)
Feb 9, 2010
Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S541-542)
Feb 9, 2010
Senate Committee on Finance discharged by Unanimous Consent.(consideration: CR S541-542)
Dec 18, 2009
Read twice and referred to the Committee on Finance.
Dec 18, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Small Business Penalty Fairness Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service [IRS] as having a potential for tax avoidance or evasion) to 75% of the decrease in tax shown on the return as a result of such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction).

Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to abusive tax shelters and reportable transactions.

Extends the penalty for tendering a bad check to the Internal Revenue Service to any commercially acceptable payment instrument (including electronic payments).

Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property, goods, or services.

What's happening now February 22, 2010

Held at the desk.

 Related & companion bills 3
  • HR 4068 Related bill Small Business Penalty Relief Act of 2009
  • HR 5297 Related bill Small Business Jobs Act of 2010
  • S 2771 Related bill Small Business Penalty Relief Act of 2009
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Crapo, Mike
Idaho · Dec 18, 2009
 R
Grassley, Chuck
Iowa · Dec 18, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2917: Small Business Penalty Fairness Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-2917/
MLA
"S. 2917: Small Business Penalty Fairness Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2917/.
Bluebook (legal)
S. 2917, 111th Cong. (2026), https://openamerica.io/bill/111-S-2917/.
Markdown link
[S. 2917: Small Business Penalty Fairness Act of 2009](https://openamerica.io/bill/111-S-2917/)
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