Small Business Tax Fairness and Compliance Simplification Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 7
- Latest action
- Apr 2, 2025
What it does
The Small Business Tax Fairness and Compliance Simplification Act would extend the existing tip credit to beauty service establishments, allowing employers in barbering, hair care, nail care, esthetics, and body and spa treatments to claim a credit for Social Security taxes paid on employee tips, subject to a 15% gross receipts limitation. It would create a safe harbor from IRS tip examinations for beauty service employers who implement tip education programs, monthly reporting procedures, and maintain records for four years. Additionally, it would require businesses that rent space to two or more beauty service providers for $600 or more each annually to report those rental payments to the…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.