3.0.0 3717 2023-01-11T13:38:44Z 2023-01-11T13:38:44Z House HR 2017-09-08 115 [Congressional Record Volume 163, Number 145 (Friday, September 8, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CHABOT:H.R. 3717.Congress has the power to enact this legislation pursuantto the following:clause 1 of section 8 of article I of the Constitution[Page H7217]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-09-08T13:01:10Z 2017-09-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-09-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-09-08 Introduced in House IntroReferral 1000 9 Library of Congress C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 N V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2017-09-08 True M001198 Rep. Marshall, Roger [R-KS-1] Roger Marshall R KS 1 2017-09-28 False N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2017-10-02 False R000600 Del. Radewagen, Aumua Amata Coleman [R-AS-At Large] Aumua Amata Radewagen R AS Coleman 0 2017-10-12 False L000586 Rep. Lawson, Al, Jr. [D-FL-5] Al Lawson D FL 5 2017-10-12 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2017-10-12 False Taxation Employee benefits and pensions Employment taxes Fraud offenses and financial crimes Health care costs and insurance Income tax deductions Self-employed Small business Tax administration and collection, taxpayers Wages and earnings Taxation 00 2017-09-08 Introduced in House 2018-03-16T14:09:12Z Small Business Owners' Tax Simplification Act of 2017

This bill amends the Internal Revenue Code, with respect to several requirements that affect small businesses and self-employed individuals, to:

  • align the deadlines for quarterly estimated tax payments with the calendar year quarters;
  • modify the dollar thresholds for various information reporting requirements;
  • allow certain self-employed individuals to participate in cafeteria benefit plans;
  • exclude from self-employment income net earnings that are less than the amount required under the Social Security Act for a quarter of coverage for the calendar year in which the tax year began;
  • allow certain health insurance costs of self-employed individuals to be deducted for self-employment tax purposes; and
  • specify that voluntary tax withholding agreements, training, or group discount programs have no effect on whether an individual is classified as an employee or an employer.

The Department of the Treasury must: (1) establish uniform standards and procedures for the acceptance of digital or electronic signatures, and (2) use prenotification testing to verify recipient information before transferring a tax refund or credit through an electronic funds transfer.

]]> Small Business Owners' Tax Simplification Act of 2017 Display Title Small Business Owners' Tax Simplification Act of 2017 Short Titles as Introduced Small Business Owners' Tax Simplification Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to simplify income tax compliance for small businesses, and for other purposes. Introduced in House 2017-09-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3717ih/xml/BILLS-115hr3717ih.xml 2017-09-08 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.