3.0.0 4503 2023-01-11T13:26:38Z 2023-01-11T13:26:38Z House H HR 2014-04-28 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McDERMOTT:H.R. 4503.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution.[Page H3241]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-04-28T18:00:41Z Fair Playing Field Act of 2013 113 1706 S 2013-11-14 Read twice and referred to the Committee on Finance. Related bill CRS 2014-04-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-04-28 Sponsor introductory remarks on measure. (CR E595) IntroReferral B00100 9 Library of Congress 2014-04-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-28 Introduced in House IntroReferral 1000 9 Library of Congress M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 N C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2014-08-01 False Taxation Administrative law and regulatory procedures Census and government statistics Contracts and agency Department of the Treasury Employment taxes Tax administration and collection, taxpayers Taxation 00 2014-04-28 Introduced in House 2014-05-01T18:52:34Z Fair Playing Field Act of 2014 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor).

Provides that for purposes of determining whether a registered representative of a securities broker-dealer is an employee for employment tax purposes, no weight shall be given to instructions from a service recipient which are imposed only in compliance with investor protection standards. Makes this rule applicable to services performed by a broker-dealer after December 31, 1997.

]]> Fair Playing Field Act of 2014 Display Title Fair Playing Field Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 to permit the Secretary of the Treasury to issue prospective guidance clarifying the employment status of individuals for purposes of employment taxes and to prevent retroactive assessments with respect to such clarifications. Introduced in House IH Short Titles as Introduced Fair Playing Field Act of 2014 Introduced in House 2014-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4503ih/xml/BILLS-113hr4503ih.xml 2014-04-28 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.