Small Business Efficiency Act
Latest action · Mar 6, 2013 Read twice and referred to the Committee on Finance.
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 6, 2013
- Passed SenateNot reached
- Passed HouseNot 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 5
Members who signed on, in the order they did. Signatures ran from Mar 6, 2013 to Sep 30, 2013, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Bill Nelson | Original | Mar 6, 2013 |
| D-AR | Mark L. Pryor | Original | Mar 6, 2013 |
| R-OH | Rob Portman | Original | Mar 6, 2013 |
| D-LA | Mary L. Landrieu | May 7, 2013 | |
| R-ID | James E. Risch | Sep 30, 2013 |
Actions 3
Everything that happened, newest first.
- Mar 6, 2013Introduced in Senate
- Mar 6, 2013Read twice and referred to the Committee on Finance.
- Mar 6, 2013Sponsor introductory remarks on measure. (CR S1234)
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 |
| HR 3581 | Small Business Efficiency Act | Identical bill | Nov 21, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 6, 2013Introduced in Senate
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.