Bill > S359

Introduced Session

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

Committee Categories

Kelly Ayotte (R),  Roy Blunt (R),  Richard Burr (R),  Daniel Coats (R),  Thad Cochran (R),  Michael Enzi (R),  James Inhofe (R),  Johnny Isakson (R),  Mike Johanns (R),  Joe Manchin (I),  Jerry Moran (R), 

Read twice and referred to the Committee on Finance. (on 02/16/2011)

Official Document