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- H.R.4068
H.R.4068: Small Business Penalty Relief Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Nov. 16, 2009
- Latest Major Action Nov. 16, 2009
Bill Sponsor
Bill Cosponsors
10 (7 Democrats, 3 Republicans)
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 16, 2009 |
Introduced in the House by John Lewis (D-Ga.) |