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

Introduced:
Jul 06, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Robert “Bob” Casey Jr.
Senator from Pennsylvania
Party
Democrat
Text
Read Text »
Last Updated
Jul 06, 2011
Length
8 pages
Related Bills
S. 2973 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Feb 01, 2010

S. 3660 (Related)
Middle Class & Small Business Tax Cut Act of 2012

Referred to Committee
Last Action: Dec 05, 2012

 
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
 
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.

Cosponsors
1 cosponsors (1D) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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