,,ii  #aac? ,,congress  #a/ ,session    
,s4 #aae  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #bc            
7legislative day1 ,janu>y #c71 #bjac    
,mr4 ,casey introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ,f9ance  ,a ,,bill  ,to am5d !       
,int]nal ,rev5ue ,code ( #aihf to       
provide a cr$it = increas+ payroll4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,small ,bus9ess ,job ,creation ,act4    
#b4 ,employ] payroll increase cr$it  7a7
 ,9 g5]al ,sub*apt] ,b ( *apt] #fe ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#fdcc4 ,employ] payroll increase cr$its 
7a7 ,9 g5]al ,ea* qualifi$ employ] %all 
be treat$ z hav+ made a paym5t aga9/ !  
tax impos$ by section #caaa7;a7 or      
section #cbba7;a71 :i*ev] is applicable1
 = ea* qualifi$ qu>t] 9 an am\nt equal  
to ! cr$it am\nt4  7b7 ,cr$it am\nt ,=  
purposes ( ?is section1 ! cr$it am\nt ) 
respect to any qualifi$ qu>t] is equal  
to #aj p]c5t ( ! qualifi$ payroll       

increase ( su* employ] = su* qualifi$   
qu>t]4  7c7 ,doll> limitation ,! total  
cr$it am\nt ) respect to any employ]    
%all n exce$ #ejj1jjj = all qualifi$    
qu>t]s4  7d7 ,qualifi$ employ] ,=       
purposes ( ?is section1 ! t]m qualifi$  
employ] means any ,am]ican employ] o!r  
?an ! ,unit$ ,/ates1 any ,/ate1 or any  
in/rum5tality !re(4  7e7 ,qualifi$      
payroll increase ,= purposes ( ?is      
section--  7#a7 ,9 g5]al ,! t]m qualifi$
 payroll increase ) respect to any      
qualifi$ qu>t] means ! am\nt1 if any1 by
 :i* a qualifi$ employ]'s qualifi$      
payroll = su* qu>t] exce$s ! qualifi$   
payroll = su* qu>t] ( ! cal5d> ye>      
prec$+ ! ye> 9 :i* su* qualifi$ qu>t]   
falls4  7#b7 ,qualifi$ payroll ,! t]m   
qualifi$ payroll means ! am\nt ( all    
wages 7)9 ! mean+ ( section #caba7;a77  
paid or incurr$ by a qualifi$ employ] to
 ! employees ( su* employ]1 except t1 ) 
respect to ea* su* employee = any qu>t] 
( ! employ]1 su* wages %all be tak5 into
 acc\nt only to ! ext5t t su* wages d n 

exce$ ! contribution & b5efit base z    
det]m9$ "u section #bcj ( ! ,social     
,security ,act4  7#c7 ,railway labor ,9 
! case ( remun]ation subject to ! tax   
impos$ by section #cbba7;a71 p>agraph   
7#a7 %all be appli$ by sub/itut+ all    
comp5sation 7)9 ! mean+ ( section       
#cbca7;e77 = all wages 7)9 ! mean+ (    
section #caba7;a774  7#d7 ,special rule 
= l>ge employ]s ,9 ! case ( an employ] t
 employs #ajj or m employees dur+ !     
qualifi$ qu>t]1 no qualifi$ payroll     
increase %all be tak5 into acc\nt = su* 
qualifi$ qu>t] unless ! qualifi$ payroll
 increase ) respect to su* qualifi$     
qu>t] exce$s #c p]c5t ( ! qualifi$      
payroll = su* qu>t] ( ! cal5d> ye>      
prec$+ ! ye> 9 :i* su* qualifi$ qu>t]   
falls4  7f7 ,qualifi$ qu>t] ,= purposes 
( ?is section1 ! t]m qualifi$ qu>t]     
means--  7#a7 ! cal5d> qu>t] :i*        
includes ! date ( ! enactm5t ( ! ,small 
,bus9ess ,job ,creation ,act1 &  7#b7   
ea* ( ! #c cal5d> qu>t]s foll[+ su*     
qu>t]4  7g7 ,def9itions ,except z       

provid$ 9 subsection 7h77#a71 any t]m   
us$ 9 ?is section :i* is also us$ 9     
section #caaa has ! same mean+ z :5 us$ 
9 su* section4  7h7 ,special rules ,=   
purposes ( ?is section--  7#a7 ,employee
 ,! t]m employee includes only          
individuals :o are citiz5s or lawful    
resid5ts ( ! ,unit$ ,/ates :o receive   
wages1 remun]ation1 comp5sation1 or tips
 f an employ] = "w p]=m$ )9 a ,/ate or a
 possession ( ! ,unit$ ,/ates4  7#b7    
,ma9t5ance ( base employm5t requirem5t  
,?is section %all n apply to any        
qualifi$ employ] = any qualifi$ qu>t] if
 ! total numb] ( employees ( su* employ]
 dur+ su* qu>t] is less ?an ! total     
numb] ( su* employees dur+ ! qu>t]      
prec$+ su* qu>t]1 det]m9$ by n tak+ into
 acc\nt any employee :o is a seasonal   
employee dur+ su* prec$+ qu>t]4  7#c7   
,controll$ gr\ps ,all employ]s treat$ z 
a s+le employ] "u section 7a7 or 7b7 (  
section #eb %all be treat$ z a s+le     
employ] = purposes ( ! doll> limitation 
"u subsection 7c71 except t any employ] 

:i* is n an ,am]ican employ] %all n be  
tak5 into acc\nt4  7#d7 ,new employ]s   
7,a7 ,9 g5]al ,9 ! case ( a qualifi$    
employ] :i* comes into exi/5ce aft] !   
date ( ! enactm5t ( ! ,small ,bus9ess   
,job ,creation ,act & be=e ,janu>y #a1  
#bjad--  7i7 ! t]m qualifi$ qu>t]       
means--  7,i7 ! fir/ cal5d> qu>t] = :i* 
su* qualifi$ employ] is 9 exi/5ce1 &    
7,,ii7 ea* ( ! #c qu>t]s foll[+ su*     
qu>t]1  7ii7 ! qualifi$ payroll increase
 ( su* employ] = ! qu>t] describ$ 9     
clause 7i77,i7 %all be equal to ! am\nt 
( ! employ]'s qualifi$ payroll = su*    
qu>t]1 &  7iii7 ! qualifi$ payroll      
increase ( su* employ] = any qu>t]      
describ$ 9 clause 7i77,,ii7 %all be !   
am\nt1 if any1 by :i* ! employ]'s       
qualifi$ payroll = su* qu>t] exce$s !   
qualifi$ payroll ( ! qu>t] prec$+ su*   
qu>t]4  7,b7 ,transition rule  7i7 ,9   
g5]al ,9 ! case ( a qualifi$ employ] :i*
 comes into exi/5ce--  7,i7 aft] ! la/  
day ( ! cal5d> qu>t] :i* is #e cal5d>   
qu>t]s be=e ! date ( ! enactm5t ( !     

,small ,bus9ess ,job ,creation ,act1 &  
7,,ii7 be=e su* date ( enactm5t1  !     
qualifi$ payroll increase ( su* employ] 
= any transition qu>t] %all be ! am\nt1 
if any1 by :i* ! employ]'s qualifi$     
payroll = su* qu>t] exce$s ! qualifi$   
payroll ( ! qu>t] prec$+ su* qu>t]4     
7ii7 ,transition qu>t] ,= purposes (    
clause 7i71 ! t]m transition qu>t] means
 a qualifi$ qu>t] ) respect to :i* !    
qualifi$ payroll increase _c be det]m9$ 
"u subsection 7e77#a7 solely because !  
employ] 0 n 9 exi/5ce dur+ su* qu>t] ( !
 cal5d> ye> prec$+ ! ye> 9 :i* su*      
qualifi$ qu>t] falls4  4  7b7 ,cl]ical  
am5dm5t ,! table ( sections = sub*apt]  
,b ( *apt] #fe ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new item3  ,sec4 #fdcc4        
,employ] payroll increase cr$its4  4    
7c7 ,notification ,n lat] ?an #cj days  
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,commission] ( ,int]nal ,rev5ue %all    
notify all employ]s requir$ to )hold    
employm5t taxes "u *apt] #ba or #bb ( ! 

,int]nal ,rev5ue ,code ( #aihf ( !      
enactm5t & applicability ( section #fdcc
 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z  
add$ by ?is ,act4  7d7 ,inve/igation &  
report on en=cem5t actions ,n lat] ?an  
#f mon?s aft] ! date ( ! enactm5t ( ?is 
,act1 & qu>t]ly !reaft]1 ! ,commission] 
( ,int]nal ,rev5ue %all submit a report 
to ! ,committee on ,f9ance ( ! ,s5ate & 
! ,committee on ,ways & ,means ( ! ,h\se
 ( ,repres5tatives on ! en=cem5t        
measures tak5 to prev5t & p5alize fraud 
relat$ to section #fdcc ( ! ,int]nal    
,rev5ue ,code ( #aihf1 includ+ su*      
in=mation z--  7#a7 g5]al /ati/ics      
relat$ to ! application ( su* section1  
7#b7 cases ( fraud1 &  7#c7 ! /atus (   
inve/igatory & prosecutorial actions    
relat$ to su* cases4  7e7 ,effective    
date ,! am5dm5ts made by subsections 7a7
 & 7b7 %all apply to cal5d> qu>t]s      
beg9n+ ) ! cal5d> qu>t] :i* includes !  
date ( ! enactm5t ( ?is ,act4