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H.R. 705 112th Congress House

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

Official title: To amend the Internal Revenue Code of 1986 to repeal the expansion of information reporting requirements to payments made to corporations, payments for propert… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to repeal the expansion of information reporting requirements to payments made to corporations, payments for property and other gross proceeds, and rental property expense payments, and for other purposes.

Introduced: February 15, 2011 See on congress.gov
Taxation Business recordsCorporate finance and managementHealth care costs and insuranceIncome tax creditsTax administration and collection, taxpayers
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2011
Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-16.
Feb 22, 2011
Placed on the Union Calendar, Calendar No. 7.
Feb 17, 2011
Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
Feb 17, 2011
Committee Consideration and Mark-up Session Held.
Feb 15, 2011
Referred to the House Committee on Ways and Means.
Feb 15, 2011
Introduced in House
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 Latest action February 22, 2011

Placed on the Union Calendar, Calendar No. 7.

 Plain-English summary Congressional Research Service

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

 Related & companion bills 3
  • S 359 Identical bill Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011
  • HRES 129 Providing for consideration of the bill (H.R. 4) to repeal the expansion of information reporting requirements for paym…
  • HR 4 Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 705: Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-705/
MLA
"H.R. 705: Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-705/.
Bluebook (legal)
H.R. 705, 112th Cong. (2026), https://openamerica.io/bill/112-HR-705/.
Markdown link
[H.R. 705: Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011](https://openamerica.io/bill/112-HR-705/)
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