HR 417
112th Congress
House
Taxation
Budget deficits and national debt
Business records
Corporate finance and management
Income tax rates
Tax administration and collection, taxpayers
Small Business Tax Relief Act of 2011
Introduced: January 25, 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
Jan 25, 2011
Referred to the House Committee on Ways and Means.
Jan 25, 2011
Introduced in House
Plain-English summary
Small Business Tax Relief Act of 2011 - Repeals the provision of the Patient Protection and Affordable Care Act that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.
Amends the Internal Revenue Code to impose a 5.4% surcharge on individual taxpayers whose modified adjusted gross income exceeds $1 million. Dedicates revenues from such surcharge to federal deficit or debt reduction.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1