3.0.0 2917 2023-01-11T13:16:49Z 2023-01-11T13:16:49Z Senate S S 2009-12-18 111 ssfi00 Finance Committee Senate Standing Discharged from 2010-02-10T00:04:38Z Referred to 2009-12-19T00:00:11Z Small Business Penalty Relief Act of 2009 111 4068 HR 2009-11-16 Referred to the House Committee on Ways and Means. Related bill CRS Small Business Jobs Act of 2010 111 5297 HR 2010-09-27 Became Public Law No: 111-240. 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. Related bill CRS 2010-02-22 18:35:18 Held at the desk. Floor H15000 2 House floor actions 2010-02-22 14:03:12 Received in the House. Floor H14000 2 House floor actions 2010-02-11 Senate Message on Senate action sent to the House. Floor 2010-02-09 Senate Passed Senate without amendment by Unanimous Consent. (text: CR S542) Floor 2010-02-09 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S542) Floor 17000 9 Library of Congress 2010-02-09 ssfi00 Finance Committee Senate Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S541-542) Discharge 2010-02-09 Senate Committee on Finance discharged by Unanimous Consent.(consideration: CR S541-542) Committee 14500 9 Library of Congress ssfi00 Finance Committee 2009-12-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-12-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN N G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2009-12-18 True N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2009-12-18 True L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2009-12-18 True B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. 2009-12-18 True L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2009-12-18 True B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS 2009-12-18 True R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2009-12-18 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2009-12-18 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2009-12-18 True B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2009-12-21 False L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2009-12-22 False J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2009-12-22 False H.R.5297 https://www.congress.gov/bill/111th-congress/house-bill/5297 Taxation Congressional oversight Tax administration and collection, taxpayers Taxation 00 2009-12-18 Introduced in Senate 2010-01-21T19:30:36Z Small Business Penalty Fairness 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 shown on the return as a result of 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 abusive tax shelters and reportable transactions.

Extends the penalty for tendering a bad check to the Internal Revenue Service to any commercially acceptable payment instrument (including electronic payments).

Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property, goods, or services.

]]> 82 2010-02-09 Passed Senate without amendment 2010-02-20T17:54:31Z (This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Small Business Penalty Fairness 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 shown on the return as a result of 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 abusive tax shelters and reportable transactions.

Extends the penalty for tendering a bad check to the Internal Revenue Service to any commercially acceptable payment instrument (including electronic payments).

Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property, goods, or services.

]]> Small Business Penalty Fairness Act of 2009 Display Title Small Business Penalty Fairness Act of 2009 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify the penalty for failure to disclose certain reportable transactions and the penalty for submitting a bad check to the Internal Revenue Service, to modify certain rules relating to Federal vendors, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Penalty Fairness Act of 2009 Short Titles as Passed Senate Small Business Penalty Fairness Act of 2009 S Senate Engrossed in Senate 2010-08-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2917es/xml/BILLS-111s2917es.xml Introduced in Senate 2009-12-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2917is/xml/BILLS-111s2917is.xml 2010-02-22 Held at the desk. 18:35:18 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.