Us Congress 2025-2026 Regular Session

Us Congress House Bill HB1882 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 1882
5	5	To amend the Internal Revenue Code of 1986 to reinstate the exception
6	6	for de minimis payments by third party settlement organizations with
7	7	respect to returns relating to payments made in settlement of payment
8	8	card and third party network transactions, as in effect prior to the
9	9	enactment of the American Rescue Plan Act, and for other purposes.
10	10	IN THE HOUSE OF REPRESENTATIVES
11	11	MARCH5, 2025
12	12	Mrs. M
13	13	ILLERof West Virginia (for herself, Mr. BUCHANAN, Mr. SMITHof Ne-
14	14	braska, Mr. K
15	15	ELLYof Pennsylvania, Mr. SCHWEIKERT, Mr. LAHOOD,
16	16	Mr. A
17	17	RRINGTON, Mr. ESTES, Mr. SMUCKER, Mr. HERNof Oklahoma,
18	18	Mr. M
19	19	URPHY, Mr. KUSTOFF, Mr. FITZPATRICK, Mr. STEUBE, Ms.
20	20	T
21	21	ENNEY, Mrs. FISCHBACH, Mr. MOOREof Utah, Ms. VANDUYNE, Mr.
22	22	F
23	23	EENSTRA, Ms. MALLIOTAKIS, Mr. CAREY, Mr. YAKYM, Mr. MILLERof
24	24	Ohio, Mr. B
25	25	EANof Florida, and Mr. MORAN) introduced the following
26	26	bill; which was referred to the Committee on Ways and Means
27	27	A BILL
28	28	To amend the Internal Revenue Code of 1986 to reinstate
29	29	the exception for de minimis payments by third party
30	30	settlement organizations with respect to returns relating
31	31	to payments made in settlement of payment card and
32	32	third party network transactions, as in effect prior to
33	33	the enactment of the American Rescue Plan Act, and
34	34	for other purposes.
35	35	Be it enacted by the Senate and House of Representa-1
36	36	tives of the United States of America in Congress assembled, 2
37	37	VerDate Sep 11 2014 09:31 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1882.IH H1882
38	38	kjohnson on DSK7ZCZBW3PROD with $$_JOB 2
39	39	•HR 1882 IH
40	40	SECTION 1. SHORT TITLE. 1
41	41	This Act may be cited as the ‘‘Saving Gig Economy 2
42	42	Taxpayers Act’’. 3
43	43	SEC. 2. REINSTATEMENT OF EXCEPTION FOR DE MINIMIS 4
44	44	PAYMENTS AS IN EFFECT PRIOR TO ENACT-5
45	45	MENT OF AMERICAN RESCUE PLAN ACT. 6
46	46	(a) I
47	47	NGENERAL.—Section 6050W(e) of the Internal 7
48	48	Revenue Code of 1986 is amended to read as follows: 8
49	49	‘‘(e) E
50	50	XCEPTION FOR DEMINIMISPAYMENTS BY 9
51	51	T
52	52	HIRDPARTYSETTLEMENT ORGANIZATIONS.—A third 10
53	53	party settlement organization shall be required to report 11
54	54	any information under subsection (a) with respect to third 12
55	55	party network transactions of any participating payee only 13
56	56	if— 14
57	57	‘‘(1) the amount which would otherwise be re-15
58	58	ported under subsection (a)(2) with respect to such 16
59	59	transactions exceeds $20,000, and 17
60	60	‘‘(2) the aggregate number of such transactions 18
61	61	exceeds 200.’’. 19
62	62	(b) E
63	63	FFECTIVEDATE.—The amendment made by 20
64	64	this section shall take effect as if included in section 9674 21
65	65	of the American Rescue Plan Act. 22
66	66	VerDate Sep 11 2014 09:31 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1882.IH H1882
67	67	kjohnson on DSK7ZCZBW3PROD with $$_JOB 3
68	68	•HR 1882 IH
69	69	SEC. 3. APPLICATION OF DE MINIMIS RULE FOR THIRD 1
70	70	PARTY NETWORK TRANSACTIONS TO BACKUP 2
71	71	WITHHOLDING. 3
72	72	(a) I
73	73	NGENERAL.—Section 3406(b) of the Internal 4
74	74	Revenue Code of 1986 is amended by adding at the end 5
75	75	the following new paragraph: 6
76	76	‘‘(8) O
77	77	THER REPORTABLE PAYMENTS INCLUDE 7
78	78	PAYMENTS IN SETTLEMENT OF THIRD PARTY NET -8
79	79	WORK TRANSACTIONS ONLY WHERE AGGREGATE 9
80	80	TRANSACTIONS EXCEED REPORTING THRESHOLD 10
81	81	FOR THE CALENDAR YEAR .— 11
82	82	‘‘(A) I
83	83	N GENERAL.—Any payment in set-12
84	84	tlement of a third party network transaction re-13
85	85	quired to be shown on a return required under 14
86	86	section 6050W which is made during any cal-15
87	87	endar year shall be treated as a reportable pay-16
88	88	ment only if— 17
89	89	‘‘(i) the aggregate number of trans-18
90	90	actions with respect to the participating 19
91	91	payee during such calendar year exceeds 20
92	92	the number of transactions specified in 21
93	93	section 6050W(e)(2), and 22
94	94	‘‘(ii) the aggregate amount of trans-23
95	95	actions with respect to the participating 24
96	96	payee during such calendar year exceeds 25
97	97	VerDate Sep 11 2014 09:31 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H1882.IH H1882
98	98	kjohnson on DSK7ZCZBW3PROD with $$_JOB 4
99	99	•HR 1882 IH
100	100	the dollar amount specified in section 1
101	101	6050W(e)(1) at the time of such payment. 2
102	102	‘‘(B) E
103	103	XCEPTION IF THIRD PARTY NET -3
104	104	WORK TRANSACTIONS MADE IN PRIOR YEAR 4
105	105	WERE REPORTABLE .—Subparagraph (A) shall 5
106	106	not apply with respect to payments to any par-6
107	107	ticipating payee during any calendar year if one 7
108	108	or more payments in settlement of third party 8
109	109	network transactions made by the payor to the 9
110	110	participating payee during the preceding cal-10
111	111	endar year were reportable payments.’’. 11
112	112	(b) E
113	113	FFECTIVEDATE.—The amendments made by 12
114	114	this section shall apply to calendar years beginning after 13
115	115	December 31, 2024. 14
116	116	Æ
117	117	VerDate Sep 11 2014 09:31 Mar 19, 2025 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H1882.IH H1882
118	118	kjohnson on DSK7ZCZBW3PROD with $$_JOB