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S 2973 111th Congress Senate

Small Business Job Creation Tax Act of 2010

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a temporary payroll increase tax credit for certain employers.

Introduced: February 1, 2010 See on congress.gov
Taxation Congressional oversightEmployment taxesFraud offenses and financial crimesIncome tax credits
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Small businessTax administration and collection, taxpayers
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 2010
Sponsor introductory remarks on measure. (CR S430)
Feb 1, 2010
Read twice and referred to the Committee on Finance.
Feb 1, 2010
Introduced in Senate
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 Latest action February 2, 2010

Sponsor introductory remarks on measure. (CR S430)

 Plain-English summary Congressional Research Service

Small Business Job Creation Tax Act of 2010 - Amends the Internal Revenue Code to allow employers a credit against payroll tax liability for a payroll increase in a quarter over a corresponding quarter in the previous calendar year. Sets the amount of such credit at 20% of such increase for employers that employ fewer than 100 employees and 15% for employers that employ 100 or more employees in any quarter. Limits the total credit amount available for all quarters to $500,000.

Directs the Commissioner of Internal Revenue to: (1) notify all employers required to withhold employment taxes of the enactment and applicability of this Act; and (2) report to Congress on enforcement measures taken to prevent and penalize fraud related to the payroll credit allowed by this Act.

 Related & companion bills 1
  • HR 4585 Identical bill Small Business Job Creation Tax Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Gillibrand, Kirsten E.
New York · Feb 1, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2973: Small Business Job Creation Tax Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-2973/
MLA
"S. 2973: Small Business Job Creation Tax Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2973/.
Bluebook (legal)
S. 2973, 111th Cong. (2026), https://openamerica.io/bill/111-S-2973/.
Markdown link
[S. 2973: Small Business Job Creation Tax Act of 2010](https://openamerica.io/bill/111-S-2973/)
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