US Congress House Bill 2466 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 12-6)
Status: Introduced on July 8 2011 - 25% progression, died in committee
Action: 2011-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Efficiency Act of 2011 - 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.

Small Business Efficiency Act of 2011

Rep. Kevin Brady [R-TX]	Rep. Robert Andrews [D-NJ]	Rep. Timothy Bishop [D-NY]	Rep. Dennis Cardoza [D-CA]
Rep. Sean Duffy [R-WI]	Rep. Blake Farenthold [R-TX]	Rep. Ralph Hall [R-TX]	Rep. Nan Hayworth [R-NY]
Rep. Wally Herger [R-CA]	Rep. Sam Johnson [R-TX]	Rep. Pete Olson [R-TX]	Rep. William Owens [D-NY]
Rep. Erik Paulsen [R-MN]	Rep. Ted Poe [R-TX]	Rep. Tom Reed [R-NY]	Rep. Mike Thompson [D-CA]
Rep. Paul Tonko [D-NY]	Rep. Allen West [R-FL]

Date	Chamber	Action
2011-07-08	House	Referred to the House Committee on Ways and Means.

SB1908 (Related) 2011-11-18 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/2466/all-info
Text	https://www.congress.gov/112/bills/hr2466/BILLS-112hr2466ih.pdf