3.0.0 3660 2019-11-15T21:52:19Z 2019-11-15T21:52:19Z Senate S S 2012-12-05 112 ssfi00 Finance Committee Senate Standing Referred to 2012-12-05T20:03:43Z Small Business Job Creation Tax Act of 2011 112 1330 S 2011-07-06 Read twice and referred to the Committee on Finance. Related bill CRS 2012-12-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-12-05 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N Taxation Congressional oversight Employment taxes Fraud offenses and financial crimes Income tax credits Small business Social security and elderly assistance Tax administration and collection, taxpayers Wages and earnings Taxation 00 2012-12-05 Introduced in Senate 2013-01-07T21:54:04Z Middle Class & Small Business Tax Cut Act of 2012 - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2013 the reductions in employment and self-employment tax rates.

Amends the Internal Revenue Code to allow nongovernmental employers a credit against employment tax liability equal to 10% of the increase in any quarterly payroll over a payroll in a corresponding quarter in the previous calendar year. Limits the allowable amount of such credit to $500,000 for all quarters.

Directs the Commissioner of Internal Revenue to: (1) notify all employers required to withhold employment taxes of the enactment and applicability of the payroll increase tax credit, and (2) report to Congress on enforcement measures taken to prevent and penalize fraud related to such tax credit.

]]> Middle Class & Small Business Tax Cut Act of 2012 Short Titles as Introduced Middle Class & Small Business Tax Cut Act of 2012 Display Title Middle Class & Small Business Tax Cut Act of 2012 Official Title as Introduced A bill to extend the payroll tax holiday and to amend the Internal Revenue Code of 1986 to provide a temporary payroll increase tax credit for certain employees. Introduced in Senate 2012-12-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3660is/xml/BILLS-112s3660is.xml 2012-12-05 Read twice and referred to the Committee on Finance. 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.