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S 974 112th Congress Senate

Small Business Tax Equalization and Compliance Act of 2011

Official title: A bill to amend the Internal Revenue Code of 1986 to expand the tip tax credit to employers of cosmetologists and to promote tax compliance in the cosmetology sector.

Introduced: May 9, 2012 See on congress.gov
Taxation Employment taxesIncome tax creditsSelf-employedSmall business
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Tax administration and collection, taxpayersWages and earnings
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
May 12, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced in Senate: CR S2943-2944)
May 12, 2011
Sponsor introductory remarks on measure. (CR S2942-2943)
May 12, 2011
Introduced in Senate
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 Latest action May 12, 2011

Read twice and referred to the Committee on Finance. (text of measure as introduced in Senate: CR S2943-2944)

 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.

 Related & companion bills 1
  • HR 1957 Identical bill Small Business Tax Equalization and Compliance Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · May 9, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 974: Small Business Tax Equalization and Compliance Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-974/
MLA
"S. 974: Small Business Tax Equalization and Compliance Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-974/.
Bluebook (legal)
S. 974, 112th Cong. (2026), https://openamerica.io/bill/112-S-974/.
Markdown link
[S. 974: Small Business Tax Equalization and Compliance Act of 2011](https://openamerica.io/bill/112-S-974/)
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