[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 190 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 696
118th CONGRESS
  2d Session
                                H. R. 190

                          [Report No. 118-857]

 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

                            January 9, 2023

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

                           December 10, 2024

 Additional sponsors: Ms. Malliotakis, Ms. Van Duyne, Mr. Stewart, Ms. 
 Tenney, Mr. Moore of Utah, Mr. Fitzpatrick, Mr. Steube, Mr. Feenstra, 
 Mr. Moolenaar, Mr. Carey, Mrs. Fischbach, Mrs. Steel, Mr. Norman, Mr. 
    Duncan, Mr. Perry, Mr. McClintock, Mr. Santos, Mr. Finstad, Mr. 
 Valadao, Mr. Cline, Mrs. Miller-Meeks, Ms. Lee of Florida, Mrs. Bice, 
 Mr. Williams of New York, Mrs. Harshbarger, Mr. Moran, Mr. Ezell, Mr. 
 Yakym, Mr. Biggs, Mrs. Cammack, Mr. Mooney, Mr. LaLota, Mr. Calvert, 
                      Mr. Gallagher, and Mr. Posey

                           December 10, 2024

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
[For text of introduced bill, see copy of bill as introduced on January 
                                9, 2023]


_______________________________________________________________________

                                 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 Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Saving Gig Economy Taxpayers Act''.

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) Effective Date.--The amendment made by this section shall apply 
to returns for calendar years beginning after December 31, 2021.
                                                 Union Calendar No. 696

118th CONGRESS

  2d Session

                               H. R. 190

                          [Report No. 118-857]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                           December 10, 2024

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed