A bill to amend the Internal Revenue Code of 1986 to eliminate unnecessary paperwork burdens on government and small businesses by reducing the number of excise tax returns filed by small taxpayers that pay the Federal excise tax on wines and beer.
Paperwork Relief for Small Business Act of 2005 - Amends the Internal Revenue Code to permit taxpayers who reasonably expect to owe not more than $50,000 in annual taxes on wines and beer to make quarterly (rather than semimonthly) payments of such tax.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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