,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ieb  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,m>* #e1 #bjac ,mr4   
,swalwell ( ,cali=nia introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[  
small bus9esses to def] ! paym5t ( c]ta9
 employm5t taxes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,ma9 ,/reet        
,revival ,act4  #b4 ,def]ral ( c]ta9    
employm5t taxes by small bus9esses  7a7 
,9 g5]al ,section #caaa ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subsection3  7f7  
,election by small bus9esses ,to def]   
paym5t  7#a7 ,9 g5]al ,a specifi$ small 
bus9ess may elect to pay ! specifi$     
fir/-ye> employm5t taxes ( su* bus9ess 9
 in/allm5ts z provid$ 9 p>agraph 7#b74  
7#b7 ,paym5t 9 in/allm5ts  7,a7 ,9 g5]al
 ,if an election is made "u p>agraph    
7#a71 ! specifi$ fir/-ye> employm5t     
taxes %all be paid 9 #d equal           
in/allm5ts4 ,! fir/ in/allm5t %all be   

paid on ! date :i* is "o ye> aft] ! end 
( ! specifi$ fir/ ye> & ea* succe$+     
in/allm5t %all be paid on ! date :i* is 
"o ye> aft] ! due date ( ! previ\s      
in/allm5t4  7,b7 ,accel]ation ( paym5t  
"u c]ta9 circum/ances ,if !re is an     
addition to tax = failure to pay timely 
assess$ ) respect to any in/allm5t      
requir$ "u ?is subsection1 a liquidation
 or sale ( sub/antially all ! assets ( !
 taxpay] 7includ+ 9 a title #aa or      
simil> case71 a cessation ( bus9ess by !
 taxpay]1 or any simil> circum/ance1 !n 
! unpaid portion ( all rema9+ in/allm5ts
 %all be due on ! date ( su* ev5t 7or 9 
! case ( a title #aa or simil> case1 !  
day be=e ! petition is fil$74  7,c7     
,proration ( any defici5cy to in/allm5ts
 ,if an election is made "u p>agraph    
7#a7 to pay ! specifi$ fir/-ye>         
employm5t taxes 9 in/allm5ts & a        
defici5cy has be5 assess$1 ! defici5cy  
%all be prorat$ to su* in/allm5ts4 ,! "p
 ( ! defici5cy s prorat$ to any         
in/allm5t ! date = paym5t ( :i* has n   

arriv$ %all be collect$ at ! same "t z1 
& z a "p (1 su* in/allm5t4 ,! "p ( !    
defici5cy s prorat$ to any in/allm5t !  
date = paym5t ( :i* has arriv$ %all be  
paid ^u notice & dem& f ! ,secret>y4    
,?is subsection %all n apply if !       
defici5cy is due to neglig5ce1 to       
int5tional disreg>d ( rules &           
regulations1 or to fraud ) int5t to     
evade tax4  7#c7 ,specifi$ small bus9ess
 ,= purposes ( ?is section--  7,a7 ,9   
g5]al ,! t]m specifi$ small bus9ess     
means any ,h,u,b,zone bus9ess if !re is 
a reasonable expectation z ( ! fir/ day 
( ! specifi$ fir/-ye> t su* bus9ess w n 
employ m ?an #be full-"t employees      
7det]m9$ "u section #de,r7d7 by treat+ !
 specifi$ fir/ ye> z ! taxable ye>7 =   
su* ye>4 ,su* t]m %all n include any    
bus9ess unless ! specifi$ fir/-ye> ( su*
 bus9ess beg9s aft] ! date ( ! enactm5t 
( ?is subsection4  7,b7 ,h,u,b,zone     
bus9ess ,! t]m ,h,u,b,zone bus9ess means
 any employ] if--  7i7 e trade or       
bus9ess ( su* employ] is actively       

conduct$ )9 a ,h,u,b,zone1 &  7ii7 a    
sub/antial portion ( ! s]vices p]=m$ =  
su* employ] by its employees are p]=m$ 9
 a ,h,u,b,zone4  7,c7 ,h,u,b,zone ,! t]m
 ,h,u,b,zone means any area :i* w\ld be 
a hi/orically und]utiliz$ bus9ess zone  
7z def9$ 9 section #c7p77#a7 ( ! ,small 
,bus9ess ,act7 if su* section 7 appli$  
)\t reg>d to subp>agraphs 7,c71 7,d71 & 
7,e7 !re(4  7#d7 ,specifi$ fir/-ye>     
employm5t taxes ,= purposes ( ?is       
section--  7,a7 ,9 g5]al ,! t]m specifi$
 fir/-ye> employm5t taxes means1 )      
respect to any specifi$ small bus9ess1 !
 taxes impos$ "u subsections 7a7 & 7b7 )
 respect to wages paid dur+ ! specifi$  
fir/-ye> ( su* bus9ess4  7,b7 ,specifi$ 
fir/-ye> ,! t]m specifi$ fir/-ye> means1
 ) respect to any specifi$ small        
bus9ess1 ! #a-ye> p]iod beg9n+ on ! fir/
 date t any employee ( su* bus9ess p]=ms
 any s]vice = su* bus9ess4  7#e7        
,aggregation rules1 etc ,all p]sons     
treat$ z a s+le employ] "u subsection   
7a7 or 7b7 ( section #eb or subsection  

7m7 or 7o7 ( section #dad %all be treat$
 z "o p]son = purposes ( ?is subsection4
 ,any ref]5ce 9 ?is subsection to any   
p]son %all include a ref]5ce to any     
pr$ecessor ( su* p]son4  7#f7 ,tru/     
funds held h>mless ,! am\nts            
appropriat$1 deposit$1 or transf]r$ to  
any tru/ fund %all be det]m9$ )\t reg>d 
to ?is subsection4  4  7b7 ,effective   
date ,! am5dm5t made by ?is section %all
 apply to any specifi$ small bus9ess 7z 
def9$ 9 section #caaa7;f7 ( ! ,int]nal  
,rev5ue ,code ( #aihf1 z add$ by ?is    
section7 ! specifi$ fir/-ye> ( :i* 7)9 !
 mean+ ( su* section7 beg9s aft] ! date 
( ! enactm5t ( ?is ,act4