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	<title>House of Bills &#187; small business penalty tax reduced</title>
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		<title>Small Business Penalty Relief Act</title>
		<link>http://houseofbills.com/2009/11/24/small-business-penalty-relief-act/</link>
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		<pubDate>Tue, 24 Nov 2009 11:52:31 +0000</pubDate>
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				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[small business penalty tax reduced]]></category>

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		<description><![CDATA[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.
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