Bill
Bill > S123
US S123
US S123BAD IRS Activities Act Blocking the Adverse and Dramatic Increased Reliance on Surveillance Activities Act
summary
Introduced
01/26/2023
01/26/2023
In Committee
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
an Act of 2021 transactions reporting threshold, and to rescind certain funding provided to the Internal Revenue Service under section 10301 of Public Law 117-169. IN THE SENATE OF THE UNITED STATES JANUARY 26, 2023 Mr. SCOTT of Florida (for himself, Mr. BUDD, Mr. BRAUN, and Mr. JOHNSON) introduced the following bill; which was read the first time JANUARY 30, 2023 Read the second time and placed on the calendar A BILL To protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold, and to rescind certain funding provided to the Internal Revenue Service under section 10301 of Public Law 117- 169.
AI Summary
This bill, the Blocking the Adverse and Dramatic Increased Reliance on Surveillance Activities Act (BAD IRS Activities Act), aims to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold and rescinding certain funding provided to the Internal Revenue Service (IRS) under the Inflation Reduction Act of 2022. Specifically, the bill would amend the Internal Revenue Code to restore the previous exception for de minimis payments by third-party settlement organizations, which would increase the reporting threshold for transactions from $600 to $20,000 and 200 transactions. Additionally, the bill would rescind the funding for IRS enforcement and operations support that was provided in the Inflation Reduction Act.
Sponsors (4)
Last Action
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 8. (on 01/30/2023)
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/senate-bill/123/all-info |
| BillText | https://www.congress.gov/118/bills/s123/BILLS-118s123pcs.pdf |
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