h 7 61804 1258347600 1258347600 1 4068 200 111 400240

11/16/2009--Introduced.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 to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction). Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.

1258347600 2009-11-16 Thu Jan 14 05:37:48 -0600 2010 introduced 61804 'tax':22 '1986':8 'base':19 'code':6 'amend':2 'limit':10 'failur':14 'intern':4 'purpos':27 'report':17 'result':21 'revenu':5 'benefit':23 'disclos':16 'penalti':12 'transact':18 80722 false official introduced 61804 'act':5 '2009':7 'busi':2 'small':1 'relief':4 'penalti':3 80721 false short action 61804 Tue Nov 17 19:03:37 -0600 2009 1258347600 Mon Nov 16 00:00:00 -0600 2009 216682 Referred to the House Committee on Ways and Means. L000287 1940-02-21 7407 343 Cannon House Office Building http://www.house.gov/formjohnlewis/contact.html 5 202-225-0351 John 'd':4 '-5':6 'ga':5 'rep':1 'john':2,7,9 'lewi':3,8,10 M 400240 Lewis John_Lewis R. Rep. John Lewis [D, GA-5] 3501 N00002577 8771 Democrat 202-225-3801 Baptist GA John Lewis 3.66666666666667 http://johnlewis.house.gov/ RepJohnLewis B001255 1956-02-21 2745 1117 Longworth House Office Building http://boustany.house.gov/ContactCharles.asp 7 202-225-5724 Charles 'r':4 '-7':6 'la':5 'rep':1 'charl':2,7,9 'boustani':3,8,10 M 400636 Boustany Charles_W._Jr.Boustany W. Rep. Charles Boustany [R, LA-7] 1447 N00026595 7281 Republican 202-225-2031 LA Charles Boustany 6.35714285714286 http://boustany.house.gov/index.html W000672 1939-01-30 5166 241 Cannon House Office Building http://www.house.gov/formwolf/contact_email/emailzip.shtml 10 202-225-0437 Frank 'r':4 'va':5 '-10':6 'rep':1 'wolf':3,8,10 'frank':2,7,9 M 400435 Wolf Frank_R._Wolf Rudolph Rep. Frank Wolf [R, VA-10] 2109 N00002073 8044 Republican 202-225-5136 Presbyterian VA Frank Wolf 6.42857142857143 http://www.house.gov/wolf/ RepFrankWolf action 61804 Tue Nov 17 19:03:37 -0600 2009 1258347600 Mon Nov 16 00:00:00 -0600 2009 216682 Referred to the House Committee on Ways and Means. introduced 61804 Tue Nov 17 19:03:37 -0600 2009 1258347600 Mon Nov 16 00:00:00 -0600 2009 216681