Bill

Bill > H3018


MA H3018

MA H3018
Relative to certain tax reporting requirements


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to certain tax reporting requirements. Revenue.

AI Summary

This bill amends the Massachusetts General Laws to require third-party settlement organizations (TPSOs) to report additional information on Form 1099-K that differs from the federal reporting requirements. Specifically, TPSOs must report payments to payees with a Massachusetts address when the gross amount paid exceeds $10,000 or the number of transactions exceeds 100 in a calendar year. Additionally, the bill states that the gross amount paid on Form 1099-K issued by TPSOs is subject to taxation under Chapter 62 of the Massachusetts General Laws.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5245 (on 09/22/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...