Small Business Owners' Tax Simplification Act of 2017
Latest action · Sep 8, 2017 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.
- IntroducedSep 8, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Owners' Tax Simplification Act of 2017
This bill amends the Internal Revenue Code, with respect to several requirements that affect small businesses and self-employed individuals, to:
- align the deadlines for quarterly estimated tax payments with the calendar year quarters;
- modify the dollar thresholds for various information reporting requirements;
- allow certain self-employed individuals to participate in cafeteria benefit plans;
- exclude from self-employment income net earnings that are less than the amount required under the Social Security Act for a quarter of coverage for the calendar year in which the tax year began;
- allow certain health insurance costs of self-employed individuals to be deducted for self-employment tax purposes; and
- specify that voluntary tax withholding agreements, training, or group discount programs have no effect on whether an individual is classified as an employee or an employer.
The Department of the Treasury must: (1) establish uniform standards and procedures for the acceptance of digital or electronic signatures, and (2) use prenotification testing to verify recipient information before transferring a tax refund or credit through an electronic funds transfer.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Sep 8, 2017 to Oct 12, 2017, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Nydia M. Velázquez | Original | Sep 8, 2017 |
| R-KS | Roger Marshall | Sep 28, 2017 | |
| R-SC | Ralph Norman | Oct 2, 2017 | |
| D-FL | Al Lawson, Jr. | Oct 12, 2017 | |
| R-AS | Aumua Amata Coleman Radewagen | Oct 12, 2017 | |
| R-NE | Don Bacon | Oct 12, 2017 |
Actions 2
Everything that happened, newest first.
- Sep 8, 2017Introduced in House
- Sep 8, 2017Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 8, 2017Introduced 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.