S 479
113th 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
Small Business Efficiency Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 6, 2013
Read twice and referred to the Committee on Finance.
Mar 6, 2013
Sponsor introductory remarks on measure. (CR S1234)
Mar 6, 2013
Introduced in Senate
Plain-English summary
Small Business Efficiency Act - 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1