February 17th, 2010 by B
The Secretary of Energy will conduct a study regarding the appropriate method of labeling the country of origin on fuel. A law may be passed whereby requirements for displaying the country of origin of fuel at fuel suppliers may be necessary. H.R. 4512 was referred to the Committee on Energy and Commerce.
January 19th, 2010 by B
Photographer: Omar Bárcena
This bill states, “In the case of any payment of compensation during 2010 in the nature of a bonus by a TARP recipient to any employee or former employee of such recipient, there is hereby imposed a tax equal to 50 percent of so much of such compensation as exceeds $50,000.” Also, the Administrator of Small Business Administration will be given power to create loans for small businesses. H.R. 4412 was referred to the Committee on Ways and Means and the Committee on Small Business.
January 5th, 2010 by B
Photographer: Zachary Korb
The Secretary of the Treasury will establish the United States Employee Bank for the purpose of fostering “increased employee ownership of United States companies and greater employee participation in company decision making throughout the United States.” This bank will be authorized to provide loans to to purchase a company through an employee stock ownership.
S. 2914 was referred to the Senate Committee on Banking, Housing, and Urban Affairs.
January 4th, 2010 by B
Photographer: melodi2
This bill will repeal the 50 percent deduction of business meals and entertainment tax and allow companies to deduct 80 percent of their taxes on business meals and entertainment. S. 2905 was referred to the Senate Committee on Finance.
November 24th, 2009 by B
Photographer: Topshelf
The purpose of this bill is to limit the penalty for small businesses who fail to disclose reportable transactions. The maximum penalty for failure to disclose reportable transaction will be $200,000 for a small business, and the minimum penalty will be $10,000. H.R. 4068 was referred to the Committee on Ways and Means.
November 18th, 2009 by B
Photographer: Library of Congress
Eligible small business will be given an income tax credit if more people are hired. The credit will be an amount equal to 15 percent of the combined wages paid for 2010 over 102 percent of the combined wages paid during 2009. H.R. 4056 was referred to the Committee on Ways and Means.
November 10th, 2009 by B
Photographer: kuhar
The following is added to the United States Code, `Whoever transports, transmits, or transfers in interstate or foreign commerce any goods, wares, or merchandise, of the value of $1,000 or more, for sale on an online marketplace, knowing the same to have been stolen, converted, or taken by fraud–’. Under this bill the Attorney General will create a retail crime task force, with few or no jurisdictions, to investigate organized retail theft. At total of $5,000,000 will be given in 2011 through 2015 to carry out this bill. H.R. 4011 was referred to the Committee on the Judiciary.
November 3rd, 2009 by B
Photographer: cliff1066
A railroad company may be able to qualify for a 30 percent tax credit when purchasing newly built or newly remanufactured locomotives which meet the Clean Air Act. H.R. 3947 was referred to the Committee on Ways and Means.
October 23rd, 2009 by B
Photographer: ngould
Any retailer of dairy products (cheese, milk, yogurt, butter, etc.) will label the products with the country of origin. S. 1783 was referred to the Senate Committee on Agriculture, Nutrition, and Forestry.
September 19th, 2009 by B
Photographer: a_kartha
Certain newspapers will be able to qualify as tax exempt if the following applies: the published newspaper contains local, national, or international news stories in which the public takes an interest; the newspaper is educational; the newspaper content follows methods which are “education in nature.” Newspapers will still be able to generate income from advertisers so long as the advertisements do not take up more space than the educational content. Essentially, under this bill, most newspapers will not have to pay taxes but will become tax exempt. H.R. 3602 was referred to the Committee on Ways and Means.
