HR 3425
117th Congress
House
Taxation
Small business
Tax administration and collection, taxpayers
Wages and earnings
Saving Gig Economy Taxpayers Act
Introduced: May 20, 2021
Introduced by:
Miller, Carol D.
Republican
· West Virginia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2021
Referred to the House Committee on Ways and Means.
May 20, 2021
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1