Question

The Small Business and Work Opportunity Tax Act of 2007, P.L. 110-28 is an example of:...

The Small Business and Work Opportunity Tax Act of 2007, P.L. 110-28 is an example of:

a bill proposed by the Senate Finance Committee.
the short name for a tax bill which has become a law.
a bill which was passed by the House, but not by the Senate.
None of the above.
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Answer #1

P.L. stands for Public Law. The Small Business and Work Opportunity Tax Act of 2007, P.L. 110-28 is a short name for a tax bill which has become a law. It is passed by the house & also got approval by the Senate that same day with a big margin on 24th May, 2007 and got signed by the President Bush and become The Small Business and Work Opportunity Tax Act of 2007, P.L. 110-28. It is enacted to provide tax incentives to help business absorb thr cost of a higher federal minimum wage which is provided by the law.

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