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Tax Simplification for Small Businesses and Beauty Service Industry

This act amends tax laws to simplify tip reporting and space rental income for small businesses, especially in the beauty service industry. It aims to reduce administrative burdens for entrepreneurs and improve tax compliance.
Key points
Extends the tax credit for employer social security taxes paid on employee tips to the beauty service industry (barbering, nail care, esthetics, spa treatments).
Establishes a "safe harbor" program for beauty service employers, protecting them from tip examinations if they meet specific conditions (e.g., employee education programs, monthly tip reporting).
Requires reporting of income from space rentals in the beauty service industry to the IRS if annual payments from two or more individuals total $600 or more.
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Expired
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Additional Information
Print number: 117_HR_821
Sponsor: Rep. LaHood, Darin [R-IL-18]
Process start date: 2021-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Tax Fairness and Compliance Simplification Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_821.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • Extends the tax credit for employer social security taxes paid on employee tips to the beauty service industry (barbering, nail care, esthetics, spa treatments).
  • Establishes a "safe harbor" program for beauty service employers, protecting them from tip examinations if they meet specific conditions (e.g., employee education programs, monthly tip reporting).
  • Requires reporting of income from space rentals in the beauty service industry to the IRS if annual payments from two or more individuals total $600 or more.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. LaHood, Darin [R-IL-18].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Labor Economy