Saving Gig Economy Taxpayers Act
- Last Action
- 5/20/2021
Actions
- 2021-05-20Referred to the House Committee on Ways and Means.
- 2021-05-20Introduced in House
- 2021-05-20Introduced in House
CRS Summary
As of 2021-05-20 (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)
- Jackie Walorski (R-IN)
- Randy Weber (R-TX)
- Debbie Lesko (R-AZ)
- Mark Green (R-TN)
- David Schweikert (R-AZ)
- Ashley Hinson (R-IA)
- Claudia Tenney (R-NY)
- David Kustoff (R-TN)
- Brad Wenstrup (R-OH)
- Bill Posey (R-FL)
- Darin LaHood (R-IL)
- A. Ferguson (R-GA)
- Chris Stewart (R-UT)
- Diana Harshbarger (R-TN)
- Neal Dunn (R-FL)
- Ralph Norman (R-SC)
- Jason Smith (R-MO)
- Cathy Rodgers (R-WA)
- Ann Wagner (R-MO)
- Paul Gosar (R-AZ)
Subjects
- Small business
- Tax administration and collection, taxpayers
- Wages and earnings
Sourced from Congress.gov (public domain).
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