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![handle is hein.usccsset/usconset50504 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
Calendar No. 438
104TH CONGRESS } REPORT
2d Session SENATE 104-281
SMALL BUSINESS JOB PROTECTION ACT OF 1996
JUNE 18, 1996.-Ordered to be printed
Mr. ROTH, from the Committee on Finance,
submitted the following
REPORT
[To accompany H.R. 3448]
[Including cost estimate of the Congressional Budget Office]
The Committee on Finance, to which was referred the bill (H.R.
3448) to provide tax relief for small businesses, to protect jobs, to
create opportunities, to increase the take home pay of workers, to
amend the Portal-to-Portal Act of 1947 relating to the payment of
wages to employees who use employer owned vehicles, and to
amend the Fair Labor Standards Act of 1938 to increase the mini-
mum wage rate and to prevent job loss by providing flexibility to
employers in complying with minimum wage and overtime require-
ments under that Act, having considered the same, reports favor-
ably thereon with an amendment and recommends that the bill as
amended do pass.
CONTENTS
Page
I. Legislative B ackground ................................................................................ . 6
II. Explanation of the Bill (Title I) ................................................................... 6
Small Business and Other Tax Provisions ............................................. 6
A . Sm all Business Provisions ................................................................... 6
1. Increase in expensing for small businesses (sec. 1111) ........... 6
2. Tax credit for Social Security taxes paid with respect to
em ployee cash tips (sec. 1112) ................................................... 7
3. Treatment of dues paid to agricultural or horticultural orga-
nizations (sec. 1113) .................................................................... 9
4. Clarify employment tax status of certain fishermen (sec.
1 1 1 4 ) ............................................................................................. 1 0
5. Modify rules governing issuance of tax-exempt bonds for
first-tim e farm ers (sec. 1115) ..................................................... 11
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