HR-3581 : Still Just a Bill

Small Business Efficiency Act - Amends the Internal Revenue Code to treat professional employer organizations (PEOs), certified by the Internal Revenue Service (IRS), as employers for employment tax purposes (thus allowing such PEOs to pay wages and collect and remit payroll taxes on behalf of an employer).

Sets forth IRS certification requirements for PEOs, including financial review and reporting requirements. Requires a PEO to post a bond each year, up to $1 million, to guarantee payment of employment taxes.

Action Timeline

Action DateTypeTextSource
2013-11-21IntroReferralReferred to the House Committee on Ways and Means.House floor actions
2013-11-21IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Taxation
See Subjects
  • Accounting and auditing
  • Contracts and agency
  • Employment taxes
  • Licensing and registrations
  • Social security and elderly assistance
  • Tax administration and collection, taxpayers
  • User charges and fees
  • Wages and earnings

Related Bills

See Related Bills