Bill113th Congress

S. 479

Small Business Efficiency Act

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Introduced
Mar 6, 2013
Origin Chamber
Senate
Policy Area
Taxation
Latest Action
Mar 6, 2013
Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Sen. Grassley, Chuck [R-IA]

Republican·IA
Bioguide ID: G000386
First Name: Charles
Middle Name: E.
Last Name: Grassley
By Request: N
5
Cosponsors
1
Committees
3
Actions
0
Amendments
2
Related Bills
8
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Mar 3, 2022
Origin Chamber
Senate
Bill Type
S
Bill Number
479
Congress
113
Introduced Date
Mar 6, 2013
Policy Area
Taxation
Is Law
No
Mar 6, 2013IntroReferral

Read twice and referred to the Committee on Finance.

Source: Senate

Mar 6, 2013IntroReferralB00100

Sponsor introductory remarks on measure. (CR S1234)

Source: Library of Congress

Mar 6, 2013IntroReferral10000

Introduced in Senate

Source: Library of Congress

Introduced in Senate· Mar 6, 20130

Small Business Efficiency Act - 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.

Finance Committee

Senate· Standing
Accounting and auditingContracts and agencyEmployment taxesLicensing and registrationsSocial security and elderly assistanceTax administration and collection, taxpayersUser charges and feesWages and earnings

Introduced in Senate

Mar 6, 2013

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