Small Business Penalty Relief Act of 2009

Summary

Small Business Penalty Relief Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction). Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.

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Timeline

1. 16 November 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 November 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 November 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 November 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 November 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 November 2009

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 16 November 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Sponsor
• Rep. Wolf, Frank R. [R-VA-10] · R · Cosponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Cosponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Cosponsor
• Rep. Tanner, John S. [D-TN-8] · D · Cosponsor
• Rep. McDermott, Jim [D-WA-7] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Cosponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Cosponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Cosponsor
• Sen. Donnelly, Joe [D-IN] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Small Business Jobs Act of 2010
• related to ← Small Business Penalty Relief Act of 2009
• related to ← Small Business Penalty Fairness Act of 2009