summary
Introduced
01/09/2023
01/09/2023
In Committee
09/11/2024
09/11/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
an Act. IN THE HOUSE OF REPRESENTATIVES JANUARY 9, 2023 Mrs. MILLER of West Virginia (for herself, Mr. BUCHANAN, Mr. FERGUSON, Mr. ESTES, Mr. KELLY of Pennsylvania, Mr. ARRINGTON, Mr. SCHWEIKERT, Mr. MURPHY, Mr. KUSTOFF, Mr. SMUCKER, Mr. SMITH of Nebraska, Mr. WENSTRUP, Mr. LAHOOD, and Mr. HERN) introduced the following bill; which was referred to the Committee on Ways and Means DECEMBER 10, 2024 Additional sponsors: Ms. MALLIOTAKIS, Ms. VAN DUYNE, Mr. STEWART, Ms. TENNEY, Mr. MOORE of Utah, Mr. FITZPATRICK, Mr. STEUBE, Mr. FEENSTRA, Mr. MOOLENAAR, Mr. CAREY, Mrs. FISCHBACH, Mrs. STEEL, Mr. NORMAN, Mr. DUNCAN, Mr. PERRY, Mr. MCCLINTOCK, Mr. SANTOS, Mr. FINSTAD, Mr. VALADAO, Mr. CLINE, Mrs. MILLER-MEEKS, Ms. LEE of Florida, Mrs. BICE, Mr. WILLIAMS of New York, Mrs. HARSHBARGER, Mr. MORAN, Mr. EZELL, Mr. YAKYM, Mr. BIGGS, Mrs. CAMMACK, Mr. MOONEY, Mr. LALOTA, Mr. CALVERT, Mr. GALLAGHER, and Mr. POSEY DECEMBER 10, 2024 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on January 9, 2023] A BILL To amend the Internal Revenue Code of 1986 to reinstate the exception for de minimis payments by third party settlement organizations with respect to returns relating to payments made in settlement of payment card and third party network transactions, as in effect prior to the enactment of the American Rescue Plan Act.
AI Summary
This bill, known as the Saving Gig Economy Taxpayers Act, aims to reinstate the exception for de minimis (small) payments made by third-party settlement organizations (such as payment processors) with respect to returns relating to payments made in settlement of payment card and third-party network transactions. This exception was in effect prior to the enactment of the American Rescue Plan Act, which had removed it. The bill proposes to amend the Internal Revenue Code to reinstate the exception, which means that third-party settlement organizations would only be required to report information on transactions if the amount exceeds $20,000 and the aggregate number of transactions exceeds 200. This change would apply to returns for calendar years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (49)
Carol Miller (R)*,
Jodey Arrington (R),
Stephanie Bice (R),
Andy Biggs (R),
Vern Buchanan (R),
Ken Calvert (R),
Kat Cammack (R),
Mike Carey (R),
Ben Cline (R),
George Devolder-Santos (R),
Jeff Duncan (R),
Ron Estes (R),
Mike Ezell (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brad Finstad (R),
Michelle Fischbach (R),
Brian Fitzpatrick (R),
Mike Gallagher (R),
Diana Harshbarger (R),
Kevin Hern (R),
Mike Kelly (R),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
Laurel Lee (R),
Nicole Malliotakis (R),
Tom McClintock (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Alex Mooney (R),
Blake Moore (R),
Nathaniel Moran (R),
Greg Murphy (R),
Ralph Norman (R),
Scott Perry (R),
Bill Posey (R),
David Schweikert (R),
Adrian Smith (R),
Lloyd Smucker (R),
Michelle Steel (R),
Greg Steube (R),
Chris Stewart (R),
Claudia Tenney (R),
David Valadao (R),
Beth Van Duyne (R),
Brad Wenstrup (R),
Brandon Williams (R),
Rudy Yakym (R),
Last Action
Placed on the Union Calendar, Calendar No. 696. (on 12/10/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/190/all-info |
| BillText | https://www.congress.gov/118/bills/hr190/BILLS-118hr190rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr190/BILLS-118hr190ih.pdf |
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