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S 1908 112th Congress Senate Taxation Accounting and auditing Contracts and agency Employment taxes Licensing and registrations Social security and elderly assistance Tax administration and collection, taxpayers User charges and fees Wages and earnings

A bill to amend the Internal Revenue Code of 1986 to clarify the employment tax treatment and reporting of wages paid by professional employer organization, and for other purposes.

Introduced: November 18, 2011 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2011
Read twice and referred to the Committee on Finance.
Nov 18, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

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 each year, up to $1 million, to guarantee payment of employment taxes.

What's happening now November 18, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1