118 HR 190 RH: Saving Gig Economy Taxpayers Act U.S. House of Representatives 2024-12-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IB Union Calendar No. 696 118th CONGRESS2d Session H. R. 190 [Report No. 118–857] 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.

1.

Short title

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

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.

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