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United States · Bill · HR

H.R. 4123 (112th)

Fair Playing Field Act of 2012

referredUnited States· United States Congress· EN

Introduced

1 March 2012

Last action

1 March 2012 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. McDermott, Jim [D-WA-7], Rep. Ackerman, Gary L. [D-NY-5], Rep. McGovern, James P. [D-MA-2], Rep. Pastor, Ed [D-AZ-4], Rep. Stark, Fortney Pete [D-CA-13], Rep. Sutton, Betty [D-OH-13], Rep. Tierney, John F. [D-MA-6], Rep. Kind, Ron [D-WI-3], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Rangel, Charles B. [D-NY-15], Rep. Chu, Judy [D-CA-28], Rep. Levin, Sander M. [D-MI-12], ROBERT BRADY, Rep. Loebsack, David [D-IA-2], Rep. Visclosky, Peter J. [D-IN-1], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Hastings, Alcee L. [D-FL-20], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Nadler, Jerrold [D-NY-12], Rep. Walz, Timothy J. [D-MN-1], Rep. Speier, Jackie [D-CA-14], Rep. McCollum, Betty [D-MN-4], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Conyers, John, Jr. [D-MI-13], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Holt, Rush [D-NJ-12], Rep. Lewis, John [D-GA-5], Rep. Smith, Adam [D-WA-9], Rep. Becerra, Xavier [D-CA-34], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Sánchez, Linda T. [D-CA-38], Rep. Farr, Sam [D-CA-20], Rep. DeGette, Diana [D-CO-1]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Fair Playing Field Act of 2012 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor). Provides that for purposes of determining whether a registered representative of a securities broker-dealer is an employee for employment tax purposes, no weight shall be given to instructions from a service recipient which are imposed only in compliance with investor protection standards. Makes this rule applicable to services performed by a broker-dealer after December 31, 1997.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 March 2012

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 March 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 March 2012

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 March 2012

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  • Introduced in House (PDF)

    Introduced in House · EN · 1 March 2012

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 March 2012

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Sponsors

Related records

Sources

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