118th Congress Taxation
S. 45: Small Business Tax Fairness and Compliance Simplification Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
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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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tim Scott R-SCOriginal
- Jon Ossoff D-GA
- Debbie Stabenow D-MI
- Sherrod Brown D-OH
- Bill Cassidy R-LA
- Marsha Blackburn R-TN
Who scored on this bill
- 1Benjamin Cardin SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Benjamin Cardin.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.