Temporary Payroll Tax Cut Continuation Act of 2012

Temporary Payroll Tax Cut Continuation Act of 2012 - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2012 the 2% reduction in employment tax rates for employees and self-employed individuals.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4013 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4013

         To continue the employee payroll tax cut through 2012.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 2012

  Mr. Herger introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
         To continue the employee payroll tax cut through 2012.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Temporary Payroll Tax Cut 
Continuation Act of 2012''.

SEC. 2. EXTENSION OF PAYROLL TAX HOLIDAY.

    (a) In General.--Subsection (c) of section 601 of the Tax Relief, 
Unemployment Insurance Reauthorization, and Job Creation Act of 2010 
(26 U.S.C. 1401 note) is amended to read as follows:
    ``(c) Payroll Tax Holiday Period.--The term `payroll tax holiday 
period' means calendar years 2011 and 2012.''.
    (b) Conforming Amendments.--Section 601 of such Act (26 U.S.C. 1401 
note) is amended by striking subsections (f) and (g).
    (c) Effective Date.--The amendments made by this section shall 
apply to remuneration received, and taxable years beginning, after 
December 31, 2011.
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