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Jan 9, 2023viewing Reported in House Mrs. Miller of West Virginia (for herself, Mr. Buchanan, Mr. Ferguson, Mr. Estes, Mr. Kelly of Pennsylvania, Mr. Arrington, Mr. Schweikert, Mr. Murphy, Mr. Kustoff, Mr. Smucker, Mr. Smith of Nebraska, Mr. Wenstrup, Mr. LaHood, and Mr. Hern) introduced the following bill; which was referred to the Committee on Ways and Means See what changed
Jan 9, 2023 Introduced in House Mrs. Miller of West Virginia (for herself, Mr. Buchanan, Mr. Ferguson, Mr. Estes, Mr. Kelly of Pennsylvania, Mr. Arrington, Mr. Schweikert, Mr. Murphy, Mr. Kustoff, Mr. Smucker, Mr. Smith of Nebraska, Mr. Wenstrup, Mr. LaHood, and Mr. Hern) introduced the following bill; which was referred to the Committee on Ways and Means

H.R. 190 — what changed

Saving Gig Economy Taxpayers Act

From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.

Sec. 2 Reinstatement of exception for de minimis payments as in effect prior to enactment of American Rescue Plan Act

(a)

In general— Section 6050W(e) of the Internal Revenue Code of 1986 is amended to read as follows:

“(e) Exception for de minimis payments by third party settlement organizations—A third party settlement organization shall be required to report any information under subsection (a) with respect to third party network transactions of any participating payee only if—

“(1) the amount which would otherwise be reported under subsection (a)(2) with respect to such transactions exceeds $20,000, and

“(2) the aggregate number of such transactions exceeds 200.”

(b)

changed Effective date— The amendment made by this section shall ~~take effect as if included in section 9674 of the American Rescue Plan Act.~~apply to returns for calendar years beginning after December 31, 2021.

H.R. 190 — what changed

Sec. 2 Reinstatement of exception for de minimis payments as in effect prior to enactment of American Rescue Plan Act

Cite this provision

Incoming references