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S 974 112th Congress Senate 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 12, 2011 See on congress.gov
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 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
 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 12, 2011

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

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1