3.0.0 3530 2024-07-24T15:21:58Z 2024-07-24T15:21:58Z House H HR 2023-05-18 118 [Congressional Record Volume 169, Number 84 (Thursday, May 18, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAPPAS:H.R. 3530.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the United StatesConstitution states that ``Congress shall have the authorityto make all Laws which shall be necessary and proper forcarrying into the Execution the foregoing Powers, and allother Powers vested by the Constitution in the Government ofthe United States, or in any Department or Office thereof.''The single subject of this legislation is:Tax[Page H2459]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-05-18T13:11:40Z 2023-05-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-05-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-18 Introduced in House IntroReferral 1000 9 Library of Congress P000614 Rep. Pappas, Chris [D-NH-1] Chris Pappas D NH 1 N K000380 Rep. Kildee, Daniel T. [D-MI-8] Daniel Kildee D MI T. 8 2023-05-18 True C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2023-08-18 False K000391 Rep. Krishnamoorthi, Raja [D-IL-8] Raja Krishnamoorthi D IL 8 2023-09-12 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2023-09-12 False S001193 Rep. Swalwell, Eric [D-CA-14] Eric Swalwell D CA 14 2023-09-12 False L000582 Rep. Lieu, Ted [D-CA-36] Ted Lieu D CA 36 2023-09-12 False R000305 Rep. Ross, Deborah K. [D-NC-2] Deborah Ross D NC K. 2 2023-09-12 False N000191 Rep. Neguse, Joe [D-CO-2] Joe Neguse D CO 2 2023-09-12 False S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2023-09-12 False T000487 Rep. Tokuda, Jill N. [D-HI-2] Jill Tokuda D HI N. 2 2023-09-18 False S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2023-09-18 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2023-09-21 False C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 2023-09-27 False S001159 Rep. Strickland, Marilyn [D-WA-10] Marilyn Strickland D WA 10 2023-10-17 False R000579 Rep. Ryan, Patrick [D-NY-18] Patrick Ryan D NY 18 2023-10-17 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2023-10-17 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2023-10-26 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2023-11-15 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2023-11-28 False Taxation Taxation 2023-06-14T19:00:22Z 00 2023-05-18 Introduced in House 2023-07-28T21:34:52Z Cut Red Tape For Online Sales Act

This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned $5,000 or more. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.

The bill also requires entities that report income to to issue a plain-language description of the taxability of income reported on Form 1099-K.

]]> Cut Red Tape For Online Sales Act Display Title 45 Cut Red Tape For Online Sales Act 2024-07-24T15:21:58Z Short Title(s) as Introduced 101 Cut Red Tape For Online Sales Act 2024-05-24T13:39:35Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to increase the de minimis exception for third party settlement organizations to $5,000, and for other purposes. 2024-03-18T20:50:44Z Introduced in House IH Introduced in House 2023-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3530ih/xml/BILLS-118hr3530ih.xml 2023-05-18 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.