I
118THCONGRESS
1
STSESSION H. R. 190
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.
IN THE HOUSE OF REPRESENTATIVES
JANUARY9, 2023
Mrs. M
ILLERof West Virginia (for herself, Mr. BUCHANAN, Mr. FERGUSON,
Mr. E
STES, Mr. KELLYof Pennsylvania, Mr. ARRINGTON, Mr.
S
CHWEIKERT, Mr. MURPHY, Mr. KUSTOFF, Mr. SMUCKER, Mr. SMITH
of Nebraska, Mr. W
ENSTRUP, Mr. LAHOOD, and Mr. HERN) introduced
the following bill; which was referred to the Committee on Ways and
Means
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.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
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•HR 190 IH
SECTION 1. SHORT TITLE. 1
This Act may be cited as the ‘‘Saving Gig Economy 2
Taxpayers Act’’. 3
SEC. 2. REINSTATEMENT OF EXCEPTION FOR DE MINIMIS 4
PAYMENTS AS IN EFFECT PRIOR TO ENACT-5
MENT OF AMERICAN RESCUE PLAN ACT. 6
(a) I
NGENERAL.—Section 6050W(e) of the Internal 7
Revenue Code of 1986 is amended to read as follows: 8
‘‘(e) E
XCEPTION FOR DEMINIMISPAYMENTS BY 9
T
HIRDPARTYSETTLEMENT ORGANIZATIONS.—A third 10
party settlement organization shall be required to report 11
any information under subsection (a) with respect to third 12
party network transactions of any participating payee only 13
if— 14
‘‘(1) the amount which would otherwise be re-15
ported under subsection (a)(2) with respect to such 16
transactions exceeds $20,000, and 17
‘‘(2) the aggregate number of such transactions 18
exceeds 200.’’. 19
(b) E
FFECTIVEDATE.—The amendment made by 20
this section shall take effect as if included in section 9674 21
of the American Rescue Plan Act. 22
Æ
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