US HB417 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Democrat 22)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Tax Relief Act of 2011 - Repeals the provision of the Patient Protection and Affordable Care Act that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more. Amends the Internal Revenue Code to impose a 5.4% surcharge on individual taxpayers whose modified adjusted gross income exceeds $1 million. Dedicates revenues from such surcharge to federal deficit or debt reduction.
Title
Small Business Tax Relief Act of 2011
Sponsors
| Rep. William Owens [D-NY] | Rep. Russ Carnahan [D-MO] | Rep. Judy Chu [D-CA] | Rep. David Cicilline [D-RI] |
| Rep. Peter DeFazio [D-OR] | Rep. Barney Frank [D-MA] | Rep. Brian Higgins [D-NY] | Rep. Maurice Hinchey [D-NY] |
| Sen. Mazie Hirono [D-HI] | Rep. Rush Holt [D-NJ] | Rep. Sheila Jackson-Lee [D-TX] | Rep. William Keating [D-MA] |
| Rep. David Loebsack [D-IA] | Rep. Michael Michaud [D-ME] | Rep. Bill Pascrell [D-NJ] | Rep. Chellie Pingree [D-ME] |
| Rep. Jared Polis [D-CO] | Rep. Louise Slaughter [D-NY] | Rep. Paul Tonko [D-NY] | Rep. Niki Tsongas [D-MA] |
| Rep. Anthony Weiner [D-NY] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-25 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB3105 (Related) 2011-10-05 - Referred to the House Committee on Ways and Means.
SB1517 (Related) 2011-09-07 - Read twice and referred to the Committee on Finance.
SB1517 (Related) 2011-09-07 - Read twice and referred to the Committee on Finance.
Subjects
Budget deficits and national debt
Business records
Corporate finance and management
Income tax rates
Tax administration and collection, taxpayers
Business records
Corporate finance and management
Income tax rates
Tax administration and collection, taxpayers
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/417/all-info |
| Text | https://www.congress.gov/112/bills/hr417/BILLS-112hr417ih.pdf |
