United States · Bill · S
S. 2917 (111th)
Small Business Penalty Fairness Act of 2009
Introduced
18 December 2009
Last action
22 February 2010 · Floor
Status
Held at the desk.
Sponsors
Sen. Baucus, Max [D-MT], Sen. Grassley, Chuck [R-IA], Sen. Nelson, Ben [D-NE], Sen. Landrieu, Mary L. [D-LA], Sen. Bond, Christopher S. [R-MO], Sen. Lugar, Richard G. [R-IN], Sen. Brownback, Sam [R-KS], Sen. Roberts, Pat [R-KS], Sen. Hatch, Orrin G. [R-UT], Sen. Crapo, Mike [R-ID], Sen. Bayh, Evan [D-IN], Sen. Lincoln, Blanche L. [D-AR], Sen. Johanns, Mike [R-NE]
Subjects
Taxation
Source updated
14 January 2025
Summary
Small Business Penalty Fairness 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 shown on the return as a result of 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 abusive tax shelters and reportable transactions. Extends the penalty for tendering a bad check to the Internal Revenue Service to any commercially acceptable payment instrument (including electronic payments). Expands the continuous tax levy on payments to vendors for goods and services to include payments for all property, goods, or services.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 December 2009
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
18 December 2009
Introduced
Introduced in Senate
Source: IntroReferral
9 February 2010
Passed
Passed Senate without amendment by Unanimous Consent. (text: CR S542)
Source: Floor
9 February 2010
Passed
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S542)
Source: Floor
9 February 2010
Discharge
Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S541-542)
Source: Discharge
9 February 2010
Committee
Senate Committee on Finance discharged by Unanimous Consent.(consideration: CR S541-542)
Source: Committee
11 February 2010
Floor
Message on Senate action sent to the House.
Source: Floor
22 February 2010
Floor
Held at the desk.
Source: Floor
22 February 2010
Floor
Received in the House.
Source: Floor
Votes
No vote records are attached yet.
Versions
- Engrossed in Senate · 27 August 2010 · Download file
- Introduced in Senate · 18 December 2009 · Download file
Documents
6 official files
Engrossed in Senate (text)
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Leesvertaling
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Engrossed in Senate (text)
Engrossed in Senate · EN · 27 August 2010
Engrossed in Senate (PDF)
Engrossed in Senate · EN · 27 August 2010
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Passed Senate without amendment
summary · EN · 9 February 2010
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Introduced in Senate (text)
Introduced in Senate · EN · 18 December 2009
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Introduced in Senate (PDF)
Introduced in Senate · EN · 18 December 2009
ViewDownloadOpen at official source
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Introduced in Senate
summary · EN · 18 December 2009
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Baucus, Max [D-MT] · D · Sponsor
- Sen. Grassley, Chuck [R-IA] · R · Sponsor
- Sen. Nelson, Ben [D-NE] · D · Sponsor
- Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
- Sen. Bond, Christopher S. [R-MO] · R · Sponsor
- Sen. Lugar, Richard G. [R-IN] · R · Sponsor
- Sen. Brownback, Sam [R-KS] · R · Sponsor
- Sen. Roberts, Pat [R-KS] · R · Sponsor
- Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
- Sen. Crapo, Mike [R-ID] · R · Sponsor
- Sen. Bayh, Evan [D-IN] · D · Cosponsor
- Sen. Lincoln, Blanche L. [D-AR] · D · Cosponsor
- Sen. Johanns, Mike [R-NE] · R · Cosponsor
- · ssfi00 · Standing
Related records
- related to → Small Business Penalty Relief Act of 2009
- related to → Small Business Jobs Act of 2010
- related to → Small Business Penalty Relief Act of 2009
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/2917
- Open data entity: https://api.congress.gov/v3/bill/111/s/2917
- us · 111-s-2917 · source updated 14 January 2025