H.R. 4013 (112th): Temporary Payroll Tax Cut Continuation Act of 2012

112th Congress, 2011–2013. Text as of Feb 13, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 4013

IN THE HOUSE OF REPRESENTATIVES

February 13, 2012

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To continue the employee payroll tax cut through 2012.

1.

Short title

This Act may be cited as the Temporary Payroll Tax Cut Continuation Act of 2012.

2.

Extension of payroll tax holiday

(a)

In general

Subsection (c) of section 601 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (26 U.S.C. 1401 note) is amended to read as follows:

(c)

Payroll tax holiday period

The term payroll tax holiday period means calendar years 2011 and 2012.

.

(b)

Conforming amendments

Section 601 of such Act (26 U.S.C. 1401 note) is amended by striking subsections (f) and (g).

(c)

Effective date

The amendments made by this section shall apply to remuneration received, and taxable years beginning, after December 31, 2011.