Not a Member? Get access to HR news and resources that you can trust.
Change can be scary, but deploying new HR software doesn't have to be.
Is your employee handbook ready for the New Year? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Get the HR education you need without travel expenses or time out of the office.
We don’t just visit a city, we take it over. Join the HR community in NOLA -- June 18-21, 2017.
Law addresses Roth 401(k) conversions, tuition assistance and transit subsidies, among other benefits
On Jan. 1, 2013, Congress passed the
American Taxpayer Relief Act, preventing the U.S. from going over the impending “fiscal cliff,” and the bill was signed into law the following day.
The legislation extends permanently a number of tax provisions that had already expired at the end of 2011 and 2012, revises tax rates on income for married couples filing jointly at $450,000 and single $400,000 of taxable income, modifies the estate tax and extends unemployment benefits, Medicare payments and farm subsidies. Additionally, the law delays the sequestration provisions established by Congress in 2011 until March 1, 2013. The delays to sequestration provisions will allow lawmakers time for further negotiations on deficit reduction and the extension of the debt limit or borrowing authority of the federal government.
Specifically, H.R. 8 contains a number of provisions of importance to the HR profession. The legislation:
SHRM Advocacy Reflected
SHRM was active throughout 2012 on a variety of important issues directly affecting the HR profession. Most recently, SHRM has taken the lead for the employer community before Congress on such issues as employer-provided education assistance, employer-provided onsite childcare and employer-provided retirement plans, which were all included in the American Taxpayer Relief Act of 2012.
SHRM has advocated for the past 10 years for the permanent extension of Section 127 and is co-chair of the
Coalition to Preserve Employer Provided Education Assistance, a broad-based group representing business, labor and education organizations dedicated to making Section 127 a permanent tax benefit. Throughout 2012, SHRM communicated directly with members of Congress and their staffs, brought hundreds of SHRM members to Capitol Hill to share their views and expertise with congressional offices, and generated thousands of letters on critical issues. SHRM Vice President of Government Affairs, Mike Aitken in a letter
urged Congress to pass a bill that would include provisions to support the HR profession and to avoid plunging over the fiscal cliff.
is an online editor/manager for SHRM.
Compensation & Benefits e-Newsletter Sign up to receive SHRM's free Comp & Benefits e-newsletter, with articles and updates four-times each month, and other Discipline e-newsletters.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
SHRM Annual Conference & Exposition
SHRM’s HR Vendor Directory contains over 3,200 companies