Small Business Tax Fairness and Compliance Simplification Act

3.0.0 45 2025-12-05T08:20:49Z 2025-12-05T08:20:49Z Senate S S 2023-01-24 118 https://www.congress.gov/bill/118th-congress/senate-bill/45 ssfi00 Finance Committee Senate Standing Referred To 2023-01-24T20:21:35Z Small Business Tax Fairness and Compliance Simplification Act 118 45 HR 2023-01-09 Referred to the House Committee on Ways and Means. Related bill CRS 2023-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2023-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2023-01-24 True O000174 Sen. Ossoff, Jon [D-GA] Jon Ossoff D GA 2023-02-28 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2023-06-01 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2023-09-26 False C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2023-10-24 False B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN 2023-12-12 False Taxation Taxation 2023-02-02T14:45:53Z

00 2023-01-24 Introduced in Senate 2023-02-02T15:22:57Z Small Business Tax Fairness and Compliance Simplification Act This bill expands the tax credit for a portion of the employer-paid Social Security taxes for employee cash tips to include beauty service establishments. (Under current law, the credit is limited to tips received for providing, serving, or delivering food or beverages.) The credit applies to tips received in connection with providing beauty services to a customer or client if tipping employees who provide the service is customary. Beauty services include barbering and hair care, nail care, esthetics, and body and spa treatments. The bill also (1) establishes an employer tip reporting safe harbor for beauty service establishments, and (2) specifies reporting requirements for income received from renting space to individuals who provide beauty services. The employer tip reporting safe harbor for beauty service establishments provides an exemption from certain Internal Revenue Service tip examinations for employers who meet certain requirements for educational programs, reporting procedures, compliance with tax law, and recordkeeping. The Government Accountability Office must study and report on the impact of the extension of the employer social security tax credit on employers and employees.

Small Business Tax Fairness and Compliance Simplification Act Display Title 45 Small Business Tax Fairness and Compliance Simplification Act 2024-07-24T15:24:05Z Short Title(s) as Introduced 101 Small Business Tax Fairness and Compliance Simplification Act 2024-05-24T13:42:58Z Introduced in Senate IS Official Title as Introduced 6 A bill to amend the Internal Revenue Code of 1986 to simplify reporting requirements, promote tax compliance, and reduce tip reporting compliance burdens in the beauty service industry. 2023-02-01T02:28:55Z Introduced in Senate IS Introduced in Senate 2023-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s45is/xml/BILLS-118s45is.xml 2023-01-24 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.