THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display

GPO's PDF DisplayReferences to this bill in the Congressional RecordLink to the Bill Summary & Status file.Printer Friendly Display

S.349

Small Business and Work Opportunity Act of 2007 (Placed on Calendar in Senate)
Beginning
    SECTION 1. SHORT TITLE; AMENDMENT OF CODE; TABLE OF CONTENTS.
    Sec. 1. Short title; amendment of Code; table of contents.
 TITLE I--SMALL BUSINESS TAX RELIEF PROVISIONS
 Subtitle A--General Provisions
    SEC. 101. EXTENSION OF INCREASED EXPENSING FOR SMALL BUSINESSES.
    SEC. 103. CLARIFICATION OF CASH ACCOUNTING RULES FOR SMALL BUSINESS.
    SEC. 104. EXTENSION AND MODIFICATION OF COMBINED WORK OPPORTUNITY TAX CREDIT AND WELFARE-TO-WORK CREDIT.
    SEC. 105. CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS.
    `SEC. 3511. CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS.
    `SEC. 7705. CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS DEFINED.
 Subtitle B--Subchapter S Provisions
    SEC. 111. CAPITAL GAIN OF S CORPORATION NOT TREATED AS PASSIVE INVESTMENT INCOME.
    SEC. 112. TREATMENT OF BANK DIRECTOR SHARES.
    SEC. 113. SPECIAL RULE FOR BANK REQUIRED TO CHANGE FROM THE RESERVE METHOD OF ACCOUNTING ON BECOMING S CORPORATION.
    SEC. 114. TREATMENT OF THE SALE OF INTEREST IN A QUALIFIED SUBCHAPTER S SUBSIDIARY.
    SEC. 115. ELIMINATION OF ALL EARNINGS AND PROFITS ATTRIBUTABLE TO PRE-1983 YEARS FOR CERTAIN CORPORATIONS.
    SEC. 116. EXPANSION OF QUALIFYING BENEFICIARIES OF AN ELECTING SMALL BUSINESS TRUST.
 TITLE II--REVENUE PROVISIONS
    SEC. 201. MODIFICATION OF EFFECTIVE DATE OF LEASING PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF 2004.
    SEC. 203. DENIAL OF DEDUCTION FOR PUNITIVE DAMAGES.
    `SEC. 91. PUNITIVE DAMAGES COMPENSATED BY INSURANCE OR OTHERWISE.
    SEC. 204. DENIAL OF DEDUCTION FOR CERTAIN FINES, PENALTIES, AND OTHER AMOUNTS.
    `SEC. 6050W. INFORMATION WITH RESPECT TO CERTAIN FINES, PENALTIES, AND OTHER AMOUNTS.
    SEC. 205. REVISION OF TAX RULES ON EXPATRIATION OF INDIVIDUALS.
    `SEC. 877A. TAX RESPONSIBILITIES OF EXPATRIATION.
    SEC. 206. LIMITATION ON ANNUAL AMOUNTS WHICH MAY BE DEFERRED UNDER NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS.
    SEC. 207. INCREASE IN CRIMINAL MONETARY PENALTY LIMITATION FOR THE UNDERPAYMENT OR OVERPAYMENT OF TAX DUE TO FRAUD.
    SEC. 208. DOUBLING OF CERTAIN PENALTIES, FINES, AND INTEREST ON UNDERPAYMENTS RELATED TO CERTAIN OFFSHORE FINANCIAL ARRANGEMENTS.
    SEC. 209. INCREASE IN PENALTY FOR BAD CHECKS AND MONEY ORDERS.
    SEC. 210. TREATMENT OF CONTINGENT PAYMENT CONVERTIBLE DEBT INSTRUMENTS.
    SEC. 211. EXTENSION OF IRS USER FEES.
    SEC. 212. MODIFICATION OF COLLECTION DUE PROCESS PROCEDURES FOR EMPLOYMENT TAX LIABILITIES.
    SEC. 213. MODIFICATIONS TO WHISTLEBLOWER REFORMS.
    SEC. 214. MODIFICATIONS OF DEFINITION OF EMPLOYEES COVERED BY DENIAL OF DEDUCTION FOR EXCESSIVE EMPLOYEE REMUNERATION.
 January 22, 2007
 
THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display