United States · Law · HR
H.R. 3448 (104th)
Small Business Job Protection Act of 1996
Introduced
14 May 1996
Last action
20 August 1996 · President
Status
Became Public Law No: 104-188.
Sponsors
Rep. Archer, Bill [R-TX-7]
Subjects
Healthcare, Taxation
Source updated
7 April 2025
Summary
TABLE OF CONTENTS: Title I: Small Business and Other Tax Provisions Subtitle A: Expensing; Etc. Subtitle B: Extension of Certain Expiring Provisions Subtitle C: Provisions Relating to S Corporations Subtitle D: Pension Simplification Subtitle E: Foreign Simplification Subtitle F: Revenue Offsets Subtitle G: Technical Corrections Small Business Job Protection Act of 1996 - Title I: Small Business and Other Tax Provisions - States that no addition to any underpayment of a tax installment required to be paid before enactment shall be made to the extent such underpayment was created by this title. Subtitle A: Expensing; Etc. - Amends the Internal Revenue Code to incrementally increase to $25,000 by the year 2003 the amount which a small business may expense. Revises provisions concerning employee tips. Subtitle B: Extension of Certain Expiring Provisions - Decreases from 40 to 35 percent the work opportunity credit. Extends and makes other revisions to such credit, including redefining members of targeted groups. Extends: (1) employer provided educational assistance programs; and (2) permanently, the Federal Unemployment Tax exemption for alien agricultural workers. Subtitle C: Provisions Relating to S Corporations - Increases from 35 to 75 the number of S corporation shareholders permitted. Permits an electing small business trust as a shareholder. Permits financial institutions to hold safe harbor debt. Revises S corporation provisions concerning: (1) the post-death qualification period; (2) the rules relating to inadvertent terminations and invalid elections; (3) an agreement to terminate the taxable year; (4) the post-termination transition period; and (5) the treatment of distributions during loss years. Provides: (1) subject to exception, for the application of Subchapter C rules to an S corporation and its shareholders; (2) for the elimination certain earnings and profits; (3) for the carryover of disallowed losses and deductions under at-risk rules; and (4) adjustments to the basis of inherited S stock to reflect certain items of income. Makes applicable to S corporations the rules applicable to individuals with respect to real property subdivided for sale. Subtitle D: Pension Simplification - Repeals: (1) five-year income averaging for lump sum distributions; and (2) the $5,000 exclusion of employees' death benefits. (Sec. 1403) Revises provisions concerning: (1) taxing annuity distributions under certain employer plans; and (2) the present requirement of beginning distributions on April 1 of the calendar year following a participant's attainment of the age 70 and one-half. (Sec. 1421) Establishes a simple retirement account matching plan for employees of businesses with 100 or fewer employees. Permits a simple plan under a 401(k) plan. (Sec. 1426) Permits 401(k) plans for tax-exempt organizations. (Sec. 1431) Revises the definition of a highly compensated employee. Repeals the family aggregation rules. Modifies additional participation requirements. Provides alternative methods of meeting nondiscrimination requirements. (Sec. 1442) Provides for the applicability of the special vesting rules for multiemployer plans to other qualified plans. (Sec. 1443) Provides for the treatment of: (1) distributions under rural cooperative plans; and (2) qualified governmental excess benefit arrangements. (Sec. 1445) Provides: (1) for the treatment of the social security retirement age as a uniform retirement age; and (2) that subsidized early retirement benefits and joint and survivor annuities shall not be treated as being unavailable to employees on the same terms merely because such benefits are based on an employees social security retirement age. (Sec. 1446) Provides for the treatment of: (1) contributions on behalf of disabled employees; (2) deferred compensation plans of State and local governments and tax-exempt organizations. (Sec. 1448) Requires governmental plans to hold deferred amounts in trusts. Revises provisions concerning the treatment of Indian tribal government annuities. (Sec. 1450) Permits multiple salary reduction agreements. (Sec. 1452) Repeals the limitation in the case of a defined benefit plan and a defined contribution plan for the same employee. (Sec. 1453) Increases the five percent tax on prohibited transactions to ten percent. (Sec. 1454) Revises the definition of a leased employee. (Sec. 1455) Applies failure to file information report penalties to pension payments. (Sec. 1456) Exempts the retirement benefits of ministers, including the rental value of a parsonage, received under a church plan from the tax on net earnings from self-employment. Subtitle E: Foreign Simplification - Repeals the inclusion in gross income of certain earnings invested in excess passive assets. Subtitle F: Revenue Offsets - Terminates, subject to exception, the Puerto Rico and possessions tax credit after December 31, 1995. Adds a Puerto Rican economic activity credit. (Sec. 1602) Repeals the exclusion for interest on loans used to acquire employer securities. (Sec. 1603) Provides for the treatment of certain amounts derived from foreign corporations as unrelated business taxable income. (Sec. 1604) Revises provisions concerning depreciation under the income forecast method. (Sec. 1605) Revises provisions concerning the exclusion of damages received because of personal injuries or sickness. (Sec. 1606) Repeals the advance repayment of the diesel fuel tax to original purchasers of diesel-powered automobiles and light trucks. Subtitle G: Technical Corrections - Amends the Internal Revenue Code, the Revenue Reconciliation Act of 1990, the Revenue Reconciliation Act of 1993, the Employee Retirement Income Security Act of 1974, the Public Health Service Act, and other legislation to make technical corrections.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
14 May 1996
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
14 May 1996
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 3.
Source: Committee
14 May 1996
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
14 May 1996
Introduced
Introduced in House
Source: IntroReferral
14 May 1996
Introduced
Introduced in House
Source: IntroReferral
20 May 1996
Calendars
Placed on the Union Calendar, Calendar No. 290.
Source: Calendars
20 May 1996
Reported
Reported (Amended) by the Committee on Ways and Means. H. Rept. 104-586.
Source: Committee
20 May 1996
Reported
Reported (Amended) by the Committee on Ways and Means. H. Rept. 104-586.
Source: Committee
21 May 1996
Vote
Rules Committee Resolution H. Res. 440 Reported to House. Rule provides for consideration of H.R. 3448 and H.R. 1227 with 5 hours of general debate. Providing for the consideration of H.R. 3448 and H.R. 1227 in the House. The amendment in the nature of a substitute recommended by the Committee on Ways and Means to H.R. 3448 now printed in the bill shall be considered as read and all points of order against the amendment (except those arising under sec. 425(a) of the Budget Act, shall be waived. The bill and amendment shall be debatable for one hour. The previous question shall be considered as ordered without intervening motion except a motion to recommit with or without instructions. The yeas and nays shall be considered as ordered on passage and on any conference report. After disposition of H.R. 3448, it shall be in order without intervening point of order to consider the bill H.R. 1227 in the House. The amendment in the nature of a substitut...
Source: Floor
22 May 1996
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
22 May 1996
Vote
On passage Passed by the Yeas and Nays: 414 - 10 (Roll no. 190).
Source: Floor
22 May 1996
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 414 - 10 (Roll no. 190).
Source: Floor
22 May 1996
Floor
The previous question was ordered pursuant to the rule.
Source: Floor
22 May 1996
Vote
Rule provides for consideration in the House of H.R. 3448 and H.R. 1227 with 5 hours of general debate. The amendment in the nature of a substitute recommended by the Committee on Ways and Means to H.R. 3448 now printed in the bill shall be considered as read and all points of order against the amendment (except those arising under sec. 425(a) of the Budget Act, shall be waived. The bill and amendment shall be debatable for one hour. The previous question shall be considered as ordered without intervening motion except a motion to recommit with or without instructions. The yeas and nays shall be considered as ordered on passage and on any conference report.
Source: Floor
22 May 1996
Floor
Considered under the provisions of rule H. Res. 440. (consideration: CR H5445-5478)
Source: Floor
23 May 1996
Passed
The title of the measure was amended. Agreed to without objection.
Source: Floor
23 May 1996
Passed
Pursuant to the provisions of H. Res. 440, the House appended the text of H.R. 1227 as passed by the House to H.R. 3448.
Source: Floor
24 May 1996
Introduced
Received in the Senate.
Source: IntroReferral
6 June 1996
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
12 June 1996
Reported
Committee on Finance. Ordered to be reported with an amendment favorably.
Source: Committee
18 June 1996
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 438.
Source: Calendars
18 June 1996
Reported
Committee on Finance. Reported to Senate by Senator Roth with an amendment. With written report No. 104-281.
Source: Committee
18 June 1996
Reported
Committee on Finance. Reported to Senate by Senator Roth with an amendment. With written report No. 104-281.
Source: Committee
8 July 1996
Floor
Measure laid before Senate by unanimous consent. (consideration: CR S7366-7413)
Source: Floor
9 July 1996
Floor
Considered by Senate. (consideration: CR S7421-7468)
Source: Floor
9 July 1996
Vote
Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 74-24. Record Vote No: 186.
Source: Floor
25 July 1996
ResolvingDifferences
Senate insists on its amendments asks for a conference, appoints conferees Kassebaum; Kennedy; Jeffords from the Committee on Labor and Human Resources. (consideration: CR S8820)
Source: ResolvingDifferences
26 July 1996
ResolvingDifferences
The Speaker appointed conferees - from the Committee on Ways and Means for consideration of the House bill (except for title II) and the Senate amendment numbered 1, and modifications committed to conference: Archer, Crane, Thomas, Gibbons, and Rangel.
Source: ResolvingDifferences
26 July 1996
ResolvingDifferences
The previous question was ordered without objection.
Source: ResolvingDifferences
26 July 1996
Floor
DEBATE - The House proceeded with one hour of debate on the Clay motion to instruct conferees on the part of the House to report the resolution of the differences between the two Houses, as soon as possible.
Source: Floor
26 July 1996
ResolvingDifferences
Mr. Clay moved that the House instruct conferees.
Source: ResolvingDifferences
26 July 1996
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: ResolvingDifferences
26 July 1996
Passed
On motion that the House disagree to the Senate amendments, and agree to a conference Agreed to without objection. (consideration: CR H8574)
Source: ResolvingDifferences
26 July 1996
ResolvingDifferences
Mr. Archer asked unanimous consent that the House disagree to the Senate amendments, and agree to a conference.
Source: ResolvingDifferences
26 July 1996
Floor
Message on Senate action sent to the House.
Source: Floor
30 July 1996
ResolvingDifferences
Conference held.
Source: ResolvingDifferences
30 July 1996
ResolvingDifferences
Conference committee actions: Conference held.
Source: ResolvingDifferences
1 August 1996
Passed
Conferees agreed to file conference report.
Source: ResolvingDifferences
1 August 1996
Passed
Conference committee actions: Conferees agreed to file conference report.
Source: ResolvingDifferences
1 August 1996
Reported
Rules Committee Resolution H. Res. 503 Reported to House. Rule provides for consideration of the conference report to H.R. 3448. Upon adoption of this resolution all points of order against the conference report accompanying the bill and against its consideration shall be waived. The conference report shall be considered as read when called up.
Source: Floor
1 August 1996
ResolvingDifferences
Conference report H. Rept. 104-737 filed. (text of conference report: CR H9568-9670)
Source: ResolvingDifferences
1 August 1996
ResolvingDifferences
Conference report filed: Conference report H. Rept. 104-737 filed.(text of conference report: CR H9568-9670)
Source: ResolvingDifferences
2 August 1996
ResolvingDifferences
Conference papers: message on House action held at the desk in Senate.
Source: ResolvingDifferences
2 August 1996
Vote
Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 76-22. Record Vote No: 265.(consideration: CR S9527)
Source: ResolvingDifferences
2 August 1996
Vote
On agreeing to the conference report Agreed to by the Yeas and Nays: 354 - 72 (Roll no. 398). (consideration: CR H9846-9862)
Source: ResolvingDifferences
2 August 1996
Passed
Motions to reconsider laid on the table Agreed to without objection.
Source: ResolvingDifferences
2 August 1996
Vote
Conference report agreed to in House: On agreeing to the conference report Agreed to by the Yeas and Nays: 354 - 72 (Roll no. 398).(consideration: CR H9846-9862)
Source: ResolvingDifferences
2 August 1996
ResolvingDifferences
The previous question was ordered without objection.
Source: ResolvingDifferences
2 August 1996
Floor
DEBATE - The House proceeded with one hour of debate on the conference report.
Source: Floor
2 August 1996
ResolvingDifferences
Mr. Archer brought up conference report H. Rept. 104-737 for consideration under the provisions of H. Res. 503.
Source: ResolvingDifferences
2 August 1996
Passed
Rule H. Res. 503 passed House.
Source: Floor
5 August 1996
Floor
Message on Senate action sent to the House.
Source: Floor
8 August 1996
Floor
Presented to President.
Source: Floor
8 August 1996
President
Presented to President.
Source: President
20 August 1996
Became law
Became Public Law No: 104-188.
Source: President
20 August 1996
Became law
Signed by President.
Source: BecameLaw
20 August 1996
President
Signed by President.
Source: President
Votes
2 August 1996 · Conference Report Agreed to · On the Conference Report H.R. 3448 · Conference Report Agreed to · Official source
Yes 76 · No 22 · Abstain — · Absent/not voting 2
- Sen. Simpson, Alan K. [R-WY]Yea
- Sen. D'Amato, Alfonse [R-NY]Yea
- Sen. Specter, Arlen [R-PA]Yea
- Sen. Boxer, Barbara [D-CA]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
9 July 1996 · Bill Passed · On Passage of the Bill H.R. 3448 · Bill Passed · Official source
Yes 74 · No 24 · Abstain — · Absent/not voting 2
- Sen. Simpson, Alan K. [R-WY]Yea
- Sen. D'Amato, Alfonse [R-NY]Yea
- Sen. Specter, Arlen [R-PA]Yea
- Sen. Boxer, Barbara [D-CA]Yea
Showing the first 4 recorded positions. Vote totals above are complete.
Versions
- Enrolled Bill · — · Download file
- Public Law · 21 August 1996 · Download file
- Engrossed Amendment Senate · 9 July 1996 · Download file
- Reported to Senate · 18 June 1996 · Download file
- Referred in Senate · 6 June 1996 · Download file
- Engrossed in House · 22 May 1996 · Download file
- Reported in House · 20 May 1996 · Download file
- Introduced in House · 14 May 1996 · Download file
Documents
20 official files
Enrolled Bill (text)
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Enrolled Bill (text)
Enrolled Bill · EN
Enrolled Bill (PDF)
Enrolled Bill · EN
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Public Law (text)
Public Law · EN · 21 August 1996
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Public Law (PDF)
Public Law · EN · 21 August 1996
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Conference report filed in House
summary · EN · 1 August 1996
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Engrossed Amendment Senate (text)
Engrossed Amendment Senate · EN · 9 July 1996
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Engrossed Amendment Senate (PDF)
Engrossed Amendment Senate · EN · 9 July 1996
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Reported to Senate (text)
Reported to Senate · EN · 18 June 1996
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Reported to Senate (PDF)
Reported to Senate · EN · 18 June 1996
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Reported to Senate with amendment(s)
summary · EN · 18 June 1996
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Referred in Senate (text)
Referred in Senate · EN · 6 June 1996
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Referred in Senate (PDF)
Referred in Senate · EN · 6 June 1996
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Engrossed in House (text)
Engrossed in House · EN · 22 May 1996
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Engrossed in House (PDF)
Engrossed in House · EN · 22 May 1996
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Passed House amended
summary · EN · 22 May 1996
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Reported in House (text)
Reported in House · EN · 20 May 1996
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Reported in House (PDF)
Reported in House · EN · 20 May 1996
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Introduced in House (text)
Introduced in House · EN · 14 May 1996
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Introduced in House (PDF)
Introduced in House · EN · 14 May 1996
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Introduced in House
summary · EN · 14 May 1996
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Sponsors
- Rep. Archer, Bill [R-TX-7] · R · Sponsor
- · ssfi00 · Standing
- · hswm00 · Standing
Related records
- related to → Providing for consideration of the bill (H.R. 3448) to provide tax relief for small businesses, to protect jobs, to create opportunities, to increase the take home pay of workers, and for other purposes, and for consideration of the bill (H.R. 1227) to amend the Portal-to-Portal Act of 1947 relating to the payment of wages to employees who use employer owned vehicles.
- related to → To amend the Portal-to-Portal Act of 1947 relating to the payment of wages to employees who use employer owned vehicles.
- related to → Waiving points of order against the conference report to accompany the bill (H.R. 3448) to provide tax relief for small businesses, to protect jobs, to create opportunities, to increase the take home pay of workers, to amend the Portal-to-Portal Act of 1947 relating to the payment of wages to employees who use employer owned vehicles, and to amend the Fair Labor Standards Act of 1938 to increase the minimum wage rate and to prevent job loss by providing flexibility to employers in complying with minimum wage and overtime requirements under that Act.
- amends ← SAMDT 4273
- amends ← To modify the payment of wages provisions.
- amends ← To amend the Fair Labor Standards Act of 1938 to provide for an increase in the minimum wage rate and to exempt computer professionals from the minimum wage and maximum hour requirements, and to amend the Portal-to-Portal Act of 1947 relating to the payment of wages to employees who use employer-owned vehicles.
- amends ← To provide additional amendments.
- amends ← An amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill and made in order pursuant to the provisions of H. Res. 440.
Related across the Repo ecosystem
Direct relationships are identifier-backed. Topic context means shared TopicMembership — not a citation and not causation.
Direct relationships
- Legal framework · Small Business Job Protection Act of 1996 · H.R. 3448 (104th) · US
- Identifier matchPROJECTS_FROM
Same us record 104-hr-3448 projected from PoliticalRepo US row.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/104th-congress/house-bill/3448
- Open data entity: https://api.congress.gov/v3/bill/104/hr/3448
- us · 104-hr-3448 · source updated 7 April 2025