3.0.0 7103 2018-11-08T23:37:59Z 2018-11-08T23:37:59Z House H HR 2008-09-25 110 hswm00 Ways and Means Committee House Standing Referred to 2008-09-25T14:05:25Z 2008-09-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-09-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-25 Introduced in House IntroReferral 1000 9 Library of Congress P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND N B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2008-09-25 True Taxation Administrative fees Auditing Commerce Contracts Economics and Public Finance Finance and Financial Sector Financial statements Labor and Employment Law Licenses Personnel management Service industries Social security taxes Surety and fidelity Tax administration Wages Withholding tax Taxation 00 2008-09-25 Introduced in House 2008-10-21T14:49:51Z Small Business Efficiency Act of 2008- 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 (the greater of $50,000 or 5% of the organization's tax liability for the preceding calendar year not to exceed $1,000,000) to guarantee payment of employment taxes.

]]> Small Business Efficiency Act of 2008 Short Titles as Introduced Small Business Efficiency Act of 2008 Display Title Small Business Efficiency Act of 2008 Official Title as Introduced To amend the Internal Revenue Code of 1986 to clarify the employment tax treatment and reporting of wages paid by professional employer organizations. Introduced in House 2008-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7103ih/xml/BILLS-110hr7103ih.xml 2008-09-25 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.