Small Business Efficiency Act of 2006
Latest action · Mar 16, 2006 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 16, 2006
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Efficiency Act of 2006 - 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, up to $1 million, to guarantee payment of employment taxes. Limits the required bond amount to $50,000 for a newly created PEO during its three-year startup period.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Mar 16, 2006 to Jun 27, 2006, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Benjamin L. Cardin | Original | Mar 16, 2006 |
| D-ND | Earl Pomeroy | Original | Mar 16, 2006 |
| R-MN | Jim Ramstad | Original | Mar 16, 2006 |
| R-MO | Kenny C. Hulshof | Original | Mar 16, 2006 |
| R-PA | Phil English | Original | Mar 16, 2006 |
| R-TX | Sam Johnson | Original | Mar 16, 2006 |
| R-AZ | J. D. Hayworth | Mar 30, 2006 | |
| R-TX | Ted Poe | Mar 30, 2006 | |
| R-FL | E. Clay Shaw Jr. | May 3, 2006 | |
| R-NE | Lee Terry | May 3, 2006 | |
| R-CA | Wally Herger | May 17, 2006 | |
| R-SC | Henry E. Brown, Jr. | May 25, 2006 | |
| R-CA | John T. Doolittle | May 25, 2006 | |
| R-IL | Judy Biggert | May 25, 2006 | |
| D-WI | Ron Kind | May 25, 2006 |
Actions 2
Everything that happened, newest first.
- Mar 16, 2006Introduced in House
- Mar 16, 2006Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2913 | Small Business Efficiency Act of 2006 | Related bill | May 19, 2006 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting
- Administrative procedure
- Auditing
- Business records
- Commerce
- Contractors
- Contracts
- Department of the Treasury
- Dismissal of employees
- Economics and Public Finance
- Employee benefit plans
- Employee selection
- Finance and Financial Sector
- Government Operations and Politics
- Government paperwork
- Labor and Employment
- Labor contracts
- Law
- Lease and rental services
- Licenses
- Personnel records
- Recruiting of employees
- Small business
- Social security taxes
- Social Welfare
- Surety and fidelity
- Tax administration
- Tax exclusion
- Tax exemption
- Tax returns
- Taxation
- Temporary employment
- Unemployment insurance
- User charges
- Wages
- Withholding tax
Text 1
Each version as it was printed, newest first.
- Mar 16, 2006Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.