Small Business Owners' Tax Simplification Act of 2017

Summary

Small Business Owners' Tax Simplification Act of 2017 This bill amends the Internal Revenue Code, with respect to several requirements that affect small businesses and self-employed individuals, to: align the deadlines for quarterly estimated tax payments with the calendar year quarters; modify the dollar thresholds for various information reporting requirements; allow certain self-employed individuals to participate in cafeteria benefit plans; exclude from self-employment income net earnings that are less than the amount required under the Social Security Act for a quarter of coverage for the calendar year in which the tax year began; allow certain health insurance costs of self-employed individuals to be deducted for self-employment tax purposes; and specify that voluntary tax withholding agreements, training, or group discount programs have no effect on whether an individual is classified as an employee or an employer. The Department of the Treasury must: (1) establish uniform standards and procedures for the acceptance of digital or electronic signatures, and (2) use prenotification testing to verify recipient information before transferring a tax refund or credit through an electronic funds transfer.

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Timeline

1. 8 September 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 8 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 September 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 September 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 September 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 September 2017

  Open at official source

Sponsors

• STEVE CHABOT · R · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Roger Marshall · R · Cosponsor
• Ralph Norman · R · Cosponsor
• Aumua Amata Radewagen · R · Cosponsor
• Al Lawson · D · Cosponsor
• Don Bacon · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Small Business Owners’ Tax Simplification Act of 2019