US
Us Congress House Bill HB190

Us Congress 2023-2024 Regular Session

Us Congress House Bill HB190 Compare Versions

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1-IB
2-Union Calendar No. 696
1+I
32 118THCONGRESS
4-2
5-DSESSION H. R. 190
6-[Report No. 118–857]
3+1
4+STSESSION H. R. 190
75 To amend the Internal Revenue Code of 1986 to reinstate the exception
86 for de minimis payments by third party settlement organizations with
97 respect to returns relating to payments made in settlement of payment
108 card and third party network transactions, as in effect prior to the
119 enactment of the American Rescue Plan Act.
1210 IN THE HOUSE OF REPRESENTATIVES
1311 JANUARY9, 2023
1412 Mrs. M
1513 ILLERof West Virginia (for herself, Mr. BUCHANAN, Mr. FERGUSON,
1614 Mr. E
1715 STES, Mr. KELLYof Pennsylvania, Mr. ARRINGTON, Mr.
1816 S
1917 CHWEIKERT, Mr. MURPHY, Mr. KUSTOFF, Mr. SMUCKER, Mr. SMITH
2018 of Nebraska, Mr. W
2119 ENSTRUP, Mr. LAHOOD, and Mr. HERN) introduced
2220 the following bill; which was referred to the Committee on Ways and
2321 Means
24-D
25-ECEMBER10, 2024
26-Additional sponsors: Ms. M
27-ALLIOTAKIS, Ms. VANDUYNE, Mr. STEWART, Ms.
28-T
29-ENNEY, Mr. MOOREof Utah, Mr. FITZPATRICK, Mr. STEUBE, Mr.
30-F
31-EENSTRA, Mr. MOOLENAAR, Mr. CAREY, Mrs. FISCHBACH, Mrs. STEEL,
32-Mr. N
33-ORMAN, Mr. DUNCAN, Mr. PERRY, Mr. MCCLINTOCK, Mr. SANTOS,
34-Mr. F
35-INSTAD, Mr. VALADAO, Mr. CLINE, Mrs. MILLER-MEEKS, Ms. LEE
36-of Florida, Mrs. B
37-ICE, Mr. WILLIAMSof New York, Mrs. HARSHBARGER,
38-Mr. M
39-ORAN, Mr. EZELL, Mr. YAKYM, Mr. BIGGS, Mrs. CAMMACK, Mr.
40-M
41-OONEY, Mr. LALOTA, Mr. CALVERT, Mr. GALLAGHER, and Mr. POSEY
42-D
43-ECEMBER10, 2024
44-Reported with an amendment, committed to the Committee of the Whole
45-House on the State of the Union, and ordered to be printed
46-[Strike out all after the enacting clause and insert the part printed in italic]
47-[For text of introduced bill, see copy of bill as introduced on January 9, 2023]
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50-•HR 190 RH
5122 A BILL
5223 To amend the Internal Revenue Code of 1986 to reinstate
5324 the exception for de minimis payments by third party
5425 settlement organizations with respect to returns relating
5526 to payments made in settlement of payment card and
5627 third party network transactions, as in effect prior to
5728 the enactment of the American Rescue Plan Act.
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60-•HR 190 RH
6129 Be it enacted by the Senate and House of Representa-1
6230 tives of the United States of America in Congress assembled, 2
63-SECTION 1. SHORT TITLE. 3
64-This Act may be cited as the ‘‘Saving Gig Economy 4
65-Taxpayers Act’’. 5
66-SEC. 2. REINSTATEMENT OF EXCEPTION FOR DE MINIMIS 6
67-PAYMENTS AS IN EFFECT PRIOR TO ENACT-7
68-MENT OF AMERICAN RESCUE PLAN ACT. 8
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33+•HR 190 IH
34+SECTION 1. SHORT TITLE. 1
35+This Act may be cited as the ‘‘Saving Gig Economy 2
36+Taxpayers Act’’. 3
37+SEC. 2. REINSTATEMENT OF EXCEPTION FOR DE MINIMIS 4
38+PAYMENTS AS IN EFFECT PRIOR TO ENACT-5
39+MENT OF AMERICAN RESCUE PLAN ACT. 6
6940 (a) I
70-NGENERAL.—Section 6050W(e) of the Internal 9
71-Revenue Code of 1986 is amended to read as follows: 10
41+NGENERAL.—Section 6050W(e) of the Internal 7
42+Revenue Code of 1986 is amended to read as follows: 8
7243 ‘‘(e) E
73-XCEPTION FOR DEMINIMISPAYMENTS BY 11
44+XCEPTION FOR DEMINIMISPAYMENTS BY 9
7445 T
75-HIRDPARTYSETTLEMENTORGANIZATIONS.—A third 12
76-party settlement organization shall be required to report 13
77-any information under subsection (a) with respect to third 14
78-party network transactions of any participating payee only 15
79-if— 16
80-‘‘(1) the amount which would otherwise be re-17
81-ported under subsection (a)(2) with respect to such 18
82-transactions exceeds $20,000, and 19
83-‘‘(2) the aggregate number of such transactions 20
84-exceeds 200.’’. 21
46+HIRDPARTYSETTLEMENT ORGANIZATIONS.—A third 10
47+party settlement organization shall be required to report 11
48+any information under subsection (a) with respect to third 12
49+party network transactions of any participating payee only 13
50+if— 14
51+‘‘(1) the amount which would otherwise be re-15
52+ported under subsection (a)(2) with respect to such 16
53+transactions exceeds $20,000, and 17
54+‘‘(2) the aggregate number of such transactions 18
55+exceeds 200.’’. 19
8556 (b) E
86-FFECTIVEDATE.—The amendment made by this 22
87-section shall apply to returns for calendar years beginning 23
88-after December 31, 2021. 24
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90-kjohnson on DSK7ZCZBW3PROD with $$_JOB Union Calendar No.
91-696
92-118
93-TH
94-CONGRESS
95-2
96-D
97-S
98-ESSION
99-
100-H. R. 190
101-[Report No. 118–857]
102-A BILL
103-To amend the Internal Revenue Code of 1986 to
104-reinstate the exception for de minimis payments
105-by third party settlement organizations with re-
106-spect to returns relating to payments made in
107-settlement of payment card and third party net-
108-work transactions, as in effect prior to the enact-
109-ment of the American Rescue Plan Act.
110-D
111-ECEMBER
112-10, 2024
113-Reported with an amendment, committed to the Com-
114-mittee of the Whole House on the State of the Union,
115-and ordered to be printed
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57+FFECTIVEDATE.—The amendment made by 20
58+this section shall take effect as if included in section 9674 21
59+of the American Rescue Plan Act. 22
60+Æ
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