3.0.0 4068 2023-01-11T13:17:18Z 2023-01-11T13:17:18Z House H HR 2009-11-16 111 hswm00 Ways and Means Committee House Standing Referred to 2009-11-16T19:00:42Z Small Business Jobs Act of 2010 111 5297 HR 2010-09-27 Became Public Law No: 111-240. Related bill CRS Small Business Penalty Fairness Act of 2009 111 2917 S 2010-02-22 Held at the desk. 18:35:18 Related bill CRS Small Business Penalty Relief Act of 2009 111 2771 S 2009-11-16 Read twice and referred to the Committee on Finance. Identical bill CRS 2009-11-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-11-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-11-16 Introduced in House IntroReferral 1000 9 Library of Congress L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 N B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2009-11-16 True W000672 Rep. Wolf, Frank R. [R-VA-10] FRANK WOLF R VA R. 10 2010-01-13 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2010-02-22 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2010-02-22 False T000038 Rep. Tanner, John S. [D-TN-8] JOHN TANNER D TN 8 2010-03-15 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2010-03-16 False R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2010-03-16 False P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND 0 2010-03-16 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2010-05-13 False D000607 Rep. Donnelly, Joe [D-IN-2] Joe Donnelly D IN 2 2010-05-24 False H.R.5297 https://www.congress.gov/bill/111th-congress/house-bill/5297 Taxation Congressional oversight Tax administration and collection, taxpayers Taxation 00 2009-11-16 Introduced in House 2009-12-22T22:07:47Z Small Business Penalty Relief Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction).

Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.

]]> Small Business Penalty Relief Act of 2009 Display Title Small Business Penalty Relief Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to limit the penalty for failure to disclose reportable transactions based on resulting tax benefits, and for other purposes. Introduced in House IH Short Titles as Introduced Small Business Penalty Relief Act of 2009 Introduced in House 2009-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4068ih/xml/BILLS-111hr4068ih.xml 2009-11-16 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.