HR 1957 112th Congress House Taxation Employment taxes Income tax credits Self-employed Small business Tax administration and collection, taxpayers Wages and earnings

Small Business Tax Equalization and Compliance Act of 2011

Introduced: May 24, 2011 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 24, 2011

Referred to the House Committee on Ways and Means.

May 24, 2011

Introduced in House

Plain-English summary Congressional Research Service

Small Business Tax Equalization and Compliance Act of 2011 - Amends the Internal Revenue Code to extend the tax credit for social security taxes paid for employee cash tips to employers of cosmetologists.

Requires employers of cosmetologists to report income and tips of their cosmetologist employees and to provide income and tip information to self-employed cosmetologists to whom they pay more than $600 in the taxable year. Imposes similar reporting requirements upon individuals who rent chairs to cosmetologists. Requires such employers to provide their cosmetologist employees and self-employed cosmetologists with information on the tax and tip reporting obligations of employees and self-employed individuals.

What's happening now May 24, 2011

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1