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HOUSE 190118th CongressReferred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Recognizing the national debt as a threat to national security.

Last Action
3/1/2023

Actions

  • 2024-12-10Placed on the Union Calendar, Calendar No. 696.
  • 2024-12-10Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-857.
  • 2024-12-10Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-857.
  • 2024-09-11Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 22 - 16.
  • 2024-09-11Committee Consideration and Mark-up Session Held
  • 2023-01-09Referred to the House Committee on Ways and Means.
  • 2023-01-09Introduced in House
  • 2023-01-09Introduced in House

CRS Summary

As of 2023-01-09 (00)

Saving Gig Economy Taxpayers 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 more than $20,000 on more than 200 separate transactions in an applicable tax period. 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.

This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.

Cosponsors (20)

  • Vern Buchanan (R-FL)
  • A. Ferguson (R-GA)
  • Ron Estes (R-KS)
  • Mike Kelly (R-PA)
  • Jodey Arrington (R-TX)
  • David Schweikert (R-AZ)
  • Gregory Murphy (R-NC)
  • David Kustoff (R-TN)
  • Lloyd Smucker (R-PA)
  • Adrian Smith (R-NE)
  • Brad Wenstrup (R-OH)
  • Darin LaHood (R-IL)
  • Kevin Hern (R-OK)
  • Nicole Malliotakis (R-NY)
  • Beth Van Duyne (R-TX)
  • Chris Stewart (R-UT)
  • Claudia Tenney (R-NY)
  • Blake Moore (R-UT)
  • Brian Fitzpatrick (R-PA)
  • W. Steube (R-FL)

Subjects

  • Small business
  • Tax administration and collection, taxpayers
  • Wages and earnings
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.