Small Business Efficiency Act
Latest action · Nov 21, 2013 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.
- IntroducedNov 21, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Nov 21, 2013 to Jul 24, 2014, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Mike Thompson | Original | Nov 21, 2013 |
| R-MN | Erik Paulsen | Dec 4, 2013 | |
| R-FL | Richard B. Nugent | Mar 28, 2014 | |
| R-TX | Lamar Smith | Apr 10, 2014 | |
| R-FL | David W. Jolly | May 1, 2014 | |
| R-NV | Mark E. Amodei | Jul 9, 2014 | |
| R-IN | Todd Young | Jul 9, 2014 | |
| D-CA | Adam B. Schiff | Jul 24, 2014 |
Actions 2
Everything that happened, newest first.
- Nov 21, 2013Introduced in House
- Nov 21, 2013Referred to the House Committee on Ways and Means.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1 | Tax Reform Act of 2014 | Related bill | Dec 12, 2014 |
| S 479 | Small Business Efficiency Act | Identical bill | Mar 6, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 21, 2013Introduced 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.