US SB1908 | 2011-2012 | 112th Congress
Status
November 18 2011 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
A bill to amend the Internal Revenue Code of 1986 to clarify the employment tax treatment and reporting of wages paid by professional employer organization, and for other purposes.
Sponsors
| Sen Grassley, Chuck | Sen Bingaman, Jeff | Sen Conrad, Kent | Sen Nelson, Bill |
| Sen Portman, Rob | Sen Pryor, Mark L. |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-11-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2466 (Related) 2011-07-08 - Referred to the House Committee on Ways and Means.
Subjects
Accounting and auditing
Contracts and agency
Employment taxes
Licensing and registrations
Social security and elderly assistance
Tax administration and collection, taxpayers
Taxation
User charges and fees
Wages and earnings
Contracts and agency
Employment taxes
Licensing and registrations
Social security and elderly assistance
Tax administration and collection, taxpayers
Taxation
User charges and fees
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN01908:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112s1908is/pdf/BILLS-112s1908is.pdf |
