• Congress Passes 2-Month Extension of Payroll Tax Reduction
  • December 29, 2011 | Authors: Marc D. Teitelbaum; Michael Zolandz
  • Law Firms: SNR Denton - Chicago Office ; SNR Denton - New York Office ; SNR Denton - Chicago Office
  • On December 23, 2012, both the US House of Representatives and the US Senate approved H.R. 3765, the "Temporary Payroll Tax Cut Continuation Act of 2011." The bill is identical to H.R. 3630, as amended by the US Senate on December 17, 2012, with a modification to facilitate businesses' implementation of the 2-month extension of the payroll tax reduction. President Obama signed the bill later that day, enacting it into law.