I
119THCONGRESS
1
STSESSION H. R. 1882
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, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH5, 2025
Mrs. M
ILLERof West Virginia (for herself, Mr. BUCHANAN, Mr. SMITHof Ne-
braska, Mr. K
ELLYof Pennsylvania, Mr. SCHWEIKERT, Mr. LAHOOD,
Mr. A
RRINGTON, Mr. ESTES, Mr. SMUCKER, Mr. HERNof Oklahoma,
Mr. M
URPHY, Mr. KUSTOFF, Mr. FITZPATRICK, Mr. STEUBE, Ms.
T
ENNEY, Mrs. FISCHBACH, Mr. MOOREof Utah, Ms. VANDUYNE, Mr.
F
EENSTRA, Ms. MALLIOTAKIS, Mr. CAREY, Mr. YAKYM, Mr. MILLERof
Ohio, Mr. B
EANof Florida, and Mr. MORAN) 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, and
for other purposes.
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 1882 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
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•HR 1882 IH
SEC. 3. APPLICATION OF DE MINIMIS RULE FOR THIRD 1
PARTY NETWORK TRANSACTIONS TO BACKUP 2
WITHHOLDING. 3
(a) I
NGENERAL.—Section 3406(b) of the Internal 4
Revenue Code of 1986 is amended by adding at the end 5
the following new paragraph: 6
‘‘(8) O
THER REPORTABLE PAYMENTS INCLUDE 7
PAYMENTS IN SETTLEMENT OF THIRD PARTY NET -8
WORK TRANSACTIONS ONLY WHERE AGGREGATE 9
TRANSACTIONS EXCEED REPORTING THRESHOLD 10
FOR THE CALENDAR YEAR .— 11
‘‘(A) I
N GENERAL.—Any payment in set-12
tlement of a third party network transaction re-13
quired to be shown on a return required under 14
section 6050W which is made during any cal-15
endar year shall be treated as a reportable pay-16
ment only if— 17
‘‘(i) the aggregate number of trans-18
actions with respect to the participating 19
payee during such calendar year exceeds 20
the number of transactions specified in 21
section 6050W(e)(2), and 22
‘‘(ii) the aggregate amount of trans-23
actions with respect to the participating 24
payee during such calendar year exceeds 25
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•HR 1882 IH
the dollar amount specified in section 1
6050W(e)(1) at the time of such payment. 2
‘‘(B) E
XCEPTION IF THIRD PARTY NET -3
WORK TRANSACTIONS MADE IN PRIOR YEAR 4
WERE REPORTABLE .—Subparagraph (A) shall 5
not apply with respect to payments to any par-6
ticipating payee during any calendar year if one 7
or more payments in settlement of third party 8
network transactions made by the payor to the 9
participating payee during the preceding cal-10
endar year were reportable payments.’’. 11
(b) E
FFECTIVEDATE.—The amendments made by 12
this section shall apply to calendar years beginning after 13
December 31, 2024. 14
Æ
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