US Congress House Bill 3840 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 7)
Status: Introduced on January 31 2012 - 25% progression, died in committee
Action: 2012-01-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Narrowing Exceptions for Withholding Taxes Act of 2012 - Amends the Internal Revenue Code and title II (Old-Age, Survivors, and Disability Insurance Benefits) of the Social Security Act to require a shareholder of a subchapter S corporation engaged in a professional service business to include all items of income or loss attributable to such business in determining such shareholder's net earnings from self-employment for purposes of computing employment tax liability. Defines a "professional service business" as any trade or business substantially all of the activities of which involve providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.

Narrowing Exceptions for Withholding Taxes Act of 2012

Rep. Fortney Stark [D-CA]	Rep. John Conyers [D-MI]	Rep. Joseph Crowley [D-NY]	Rep. Bob Filner [D-CA]
Rep. Raul Grijalva [D-AZ]	Rep. Barbara Lee [D-CA]	Rep. Charles Rangel [D-NY]

Date	Chamber	Action
2012-01-31	House	Referred to the House Committee on Ways and Means.
2012-01-31	House	Sponsor introductory remarks on measure. (CR E92)

SB2343 (Related) 2012-05-24 - Returned to the Calendar. Calendar No. 365.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3840/all-info
Text	https://www.congress.gov/112/bills/hr3840/BILLS-112hr3840ih.pdf