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S 2083 112th Congress Senate

1099K Overreach Prevention Act

Official title: A bill to amend the Internal Revenue Code of 1986 to prohibit the Secretary of the Treasury from requiring that taxpayers reconcile amounts with respect to rep… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to prohibit the Secretary of the Treasury from requiring that taxpayers reconcile amounts with respect to reportable payment transactions to amounts related to gross receipts and sales.

Introduced: February 9, 2012 Introduced by: Thune, John Republican · South Dakota See on congress.gov
Taxation Accounting and auditingTax 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2012
Read twice and referred to the Committee on Finance.
Feb 9, 2012
Introduced in Senate
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 Latest action February 9, 2012

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.

 Related & companion bills 1
  • HR 3877 Identical bill 1099K Overreach Prevention Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cantwell, Maria
Washington · Feb 9, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2083: 1099K Overreach Prevention Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-2083/
MLA
"S. 2083: 1099K Overreach Prevention Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2083/.
Bluebook (legal)
S. 2083, 112th Cong. (2026), https://openamerica.io/bill/112-S-2083/.
Markdown link
[S. 2083: 1099K Overreach Prevention Act](https://openamerica.io/bill/112-S-2083/)
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