S. 1330 (112th): Small Business Job Creation Tax Act of 2011

Introduced:
Jul 06, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Robert “Bob” Casey Jr. [D-PA]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 6, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 06, 2011
Referred to Committee Jul 06, 2011
Cosponsors
1 cosponsors (1D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to provide a temporary payroll increase tax credit for certain employers.

Summary

No summaries available.

Text

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Last updated Jul 06, 2011.
8 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/6/2011--Introduced.
Small Business Job Creation Tax Act of 2011- Amends the Internal Revenue Code to allow employers a credit against payroll tax liability for a payroll increase in a quarter over a corresponding quarter in the previous calendar year.
Sets the amount of such credit at 20% of such increase for employers that employ fewer than 100 employees and 15% for employers that employ 100 or more employees in any quarter.
Limits the total credit amount available for all quarters to $250,000.
Directs the Commissioner of Internal Revenue to:
(1) notify all employers required to withhold employment taxes of the enactment and applicability of this Act; and
(2) report to Congress on enforcement measures taken to prevent and penalize fraud related to the payroll credit allowed by this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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