,,ii  #aaith ,,congress  #ast ,session  
,s4 #cdei  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #aa1 
#bjbe,mr4 ,ossoff 7for himself and ,mrs4
 ,hyde-,smith7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to provide a payroll tax      
deduction for certain small businesses1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,support ,small ,business ,growth ,act  
of #bjbe4  #b4 ,payroll tax deduction   
for small businesses  7a7 ,in general   
,part ,,vi of subchapter ,b of chapter  
#a of the ,internal ,revenue ,code of   
#aihf is amended by inserting after     
section #agf the following new section3 
#agg4 ,payroll deduction for qualified  
small businesses  7a7 ,in general ,in   
the case of a qualified small business1 
in addition to the deduction allowed by 
section #afb7;a77#a71 there shall be    
allowed as a deduction an amount equal  

to the sum of the applicable amounts    
determined under subsection 7b77#b7 with
 respect to each full-time employee of  
the employer which has been designated  
by such employer pursuant to subsection 
7b77#a74  7b7 ,limitations2 applicable  
amount  7#a7 ,designation of employees  
7,a7 ,in general ,for purposes of       
subsection 7a71 with respect to any     
taxable year1 the full-time employees   
designated by the employer 7at such time
 and in such manner as the ,secretary   
may provide7 shall-- 7i7 not exceed the 
applicable maximum number of employees1 
7ii7 only include those full-time       
employees with the lowest wages paid    
during such taxable year relative to all
 other full-time employees of such      
employer1 and  7iii7 not include any    
highly compensated employee4  7,b7      
,applicable maximum number ,for purposes
 of subparagraph 7,a71 the applicable   
maximum number with respect to any      
qualified small business is-- 7i7 #aj1  
in the case of a taxable year beginning 

in #bjbf1 #bjbg1 #bjbh1 #bjbi1 or #bjcj1
  7ii7 #h1 in the case of a taxable year
 beginning in #bjca1  7iii7 #f1 in the  
case of a taxable year beginning in     
#bjcb1  7iv7 #d1 in the case of a       
taxable year beginning in #bjcc1 and    
7v7 zero thereafter4  7#b7 ,applicable  
amount  7,a7 ,in general ,for purposes  
of subsection 7a71 with respect to each 
full-time employee designated pursuant  
to paragraph 7#a71 the applicable amount
 shall be an amount equal to the lesser 
of-- 7i7 the applicable wage limitation1
 or  7ii7 #ab percent of the wages paid 
to such employee during the taxable     
year4  7,b7 ,applicable wage limitation 
,for purposes of subparagraph 7,a71 the 
applicable wage limitation is-- 7i7     
#h1jjj1 with respect to the number of   
full-time employees designated pursuant 
to paragraph 7#a7 which is equal to--   
7,i7 the applicable maximum number with 
respect to the qualified small business 
for the taxable year1 reduced by  7,,ii7
 #b1  7ii7 #f1jjj1 with respect to #a   

additional such employee1 if applicable1
 and  7iii7 #d1jjj1 with respect to #a  
additional such employee1 if applicable4
  7c7 ,qualified small business ,for    
purposes of this section1 the term      
qualified small business means1 with    
respect to a taxable year1 a small      
business concern 7as defined under      
section #c of the ,small ,business ,act7
 which-- 7#a7 as of the last date of    
such taxable year-- 7,a7 has not more   
than #ae full-time employees1 and  7,b7 
meets the gross receipts test of section
 #ddh7;c71 and  7#b7 certifies to the   
,secretary1 at such time and in such    
manner as the ,secretary shall          
prescribe1 that such concern meets the  
requirements of this subsection for the 
taxable year4  7d7 ,definitions ,for    
purposes of this section-- 7#a7         
,full-time employee ,the term full-time 
employee has the meaning given such term
 by section #dihj;,h7c77#d74  7#b7      
,highly compensated employee ,the term  
highly compensated employee has the     

meaning given such term by section      
#dad7q74  7e7 ,termination ,this section
 shall not apply to taxable years       
beginning after ,december #ca1 #bjcc4  4
  7b7 ,clerical amendment ,the table of 
sections for part ,,vi of subchapter ,b 
of chapter #a of the ,internal ,revenue 
,code of #aihf is amended by inserting  
after the item relating to section #agf 
the following new item3  ,sec4 #agg4    
,payroll deduction for qualified small  
businesses4  4  7c7 ,effective date ,the
 amendments made by this section shall  
apply to taxable years beginning after  
,december #ca1 #bjbe4