MA H2556

Bill

Relative to third party payment processors

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the minimum threshold for reporting income. Revenue.

AI Summary

This bill amends Chapter 62C of the General Laws to set the minimum threshold for reporting income to match the federal guidelines for Form 1099-K. Form 1099-K is used to report income from third-party payment processors, such as PayPal or credit card transactions. The purpose of this change is to align the state's income reporting requirements with the federal guidelines, likely to simplify the reporting process for taxpayers and ensure consistency between state and federal tax filings.

Committee Categories

Budget and Finance

Sponsors (1)

Paul Mark (D),

Last Action

Accompanied a study order, see H5040 (on 10/15/2020)

Official Document

https://malegislature.gov/Bills/191/H2556

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2556
Bill	https://malegislature.gov/Bills/191/H2556.pdf

Bill	Bill Name	Last Action	Type
H1261	Relative to low-income housing eligibility for disabled veterans	Read; and referred to the committee on House Ways and Means	Similar To
H1791	To prevent over saturation of clinical or educational programs in low income neighborhoods under the Dover amendment without local approval	Accompanied a study order, see H5127	Similar To
H2450	Promoting student loan repayment	Accompanied a study order, see H5040	Similar To
H2626	Relative to exempted pension income	Accompanied a study order, see H5080	Similar To
H5040	Study Order - Property Taxes	Discharged to the committee on House Rules	Replaced by
S1615	Relative to the income tax deduction for charitable giving	Accompanied a study order, see H5080	Similar To
S1689	Encouraging employer student loan repayment	Accompanied a study order, see H5040	Similar To
S238	Providing rightful opportunities and meaningful investment for successful and equitable education	Accompanied a new draft, see S2348	Similar To
S817	Ensuring affordability in perpetuity	Accompanied a study order, see S2526	Similar To

Bill > H2556

MA H2556

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary