IB 
Union Calendar No. 7 
112TH CONGRESS 
1ST SESSION 
H. R. 705 
[Report No. 112–16] 
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. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 15, 2011 
Mr. CAMP introduced the following bill; which was referred to the Committee 
on Ways and Means 
FEBRUARY 22, 2011 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
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A BILL 
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. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Comprehensive 1099 
Taxpayer Protection and Repayment of Exchange Subsidy 
Overpayments Act of 2011’’. 
SEC. 2. REPEAL OF EXPANSION OF INFORMATION REPORT-
ING REQUIREMENTS TO PAYMENTS MADE TO 
CORPORATIONS
AND
TO
PAYMENTS
FOR 
PROPERTY AND OTHER GROSS PROCEEDS. 
(a) APPLICATION TO CORPORATIONS.—Section 6041 
of the Internal Revenue Code of 1986 is amended by strik-
ing subsections (i) and (j). 
(b) PAYMENTS FOR PROPERTY AND OTHER GROSS 
PROCEEDS.—Subsection (a) of section 6041 of such Code 
is amended— 
(1) by striking ‘‘amounts in consideration for 
property,’’, and 
(2) by striking ‘‘gross proceeds,’’ both places it 
appears. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to payments made after December 
31, 2011. 
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SEC. 3. REPEAL OF EXPANSION OF INFORMATION REPORT-
ING REQUIREMENTS FOR RENTAL PROPERTY 
EXPENSE PAYMENTS. 
(a) IN GENERAL.—Section 6041 of the Internal Rev-
enue Code of 1986 is amended by striking subsection (h). 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to payments made after December 
31, 2010. 
SEC.
4.
INCREASE
IN
AMOUNT
OF
OVERPAYMENT
OF 
HEALTH CARE CREDIT WHICH IS SUBJECT TO 
RECAPTURE. 
(a) IN GENERAL.—Clause (i) of section 36B(f)(2)(B) 
of the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(i) IN GENERAL.—In the case of a 
taxpayer whose household income is less 
than 400 percent of the poverty line for 
the size of the family involved for the tax-
able year, the amount of the increase 
under subparagraph (A) shall in no event 
exceed the applicable dollar amount deter-
mined in accordance with the following 
table (one-half of such amount in the case 
of a taxpayer whose tax is determined 
under section 1(c) for the taxable year): 
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‘‘If the household income (expressed as 
a percent of poverty line) is: 
The applicable dollar amount is: 
Less than 200% ...................................
$600 
At least 200% but less than 300% ......
$1,500 
At least 300% but less than 400% ......
$2,500.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2013. 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Comprehensive 1099 
Taxpayer Protection and Repayment of Exchange Subsidy 
Overpayments Act of 2011’’. 
SEC. 2. REPEAL OF EXPANSION OF INFORMATION REPORT-
ING REQUIREMENTS TO PAYMENTS MADE TO 
CORPORATIONS 
AND 
TO 
PAYMENTS 
FOR 
PROPERTY AND OTHER GROSS PROCEEDS. 
(a) APPLICATION TO CORPORATIONS.—Section 6041 of 
the Internal Revenue Code of 1986 is amended by striking 
subsections (i) and (j). 
(b) PAYMENTS FOR PROPERTY AND OTHER GROSS 
PROCEEDS.—Subsection (a) of section 6041 of such Code 
is amended— 
(1) by striking ‘‘amounts in consideration for 
property,’’, and 
(2) by striking ‘‘gross proceeds,’’ both places it 
appears. 
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(c) EFFECTIVE DATE.—The amendments made by this 
section shall apply to payments made after December 31, 
2011. 
SEC. 3. REPEAL OF EXPANSION OF INFORMATION REPORT-
ING REQUIREMENTS FOR RENTAL PROPERTY 
EXPENSE PAYMENTS. 
(a) IN GENERAL.—Section 6041 of the Internal Rev-
enue Code of 1986 is amended by striking subsection (h). 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to payments made after December 31, 
2010. 
SEC. 4. INCREASE IN AMOUNT OF OVERPAYMENT OF 
HEALTH CARE CREDIT WHICH IS SUBJECT TO 
RECAPTURE. 
(a) IN GENERAL.—Clause (i) of section 36B(f)(2)(B) 
of the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(i) IN GENERAL.—In the case of a 
taxpayer whose household income is less 
than 400 percent of the poverty line for the 
size of the family involved for the taxable 
year, the amount of the increase under sub-
paragraph (A) shall in no event exceed the 
applicable dollar amount determined in ac-
cordance with the following table (one-half 
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of such amount in the case of a taxpayer 
whose tax is determined under section 1(c) 
for the taxable year): 
‘‘If the household income (expressed as a 
percent of poverty line) is: 
The applicable dollar amount is: 
Less than 200% .......................................
$600 
At least 200% but less than 300% .........
$1,500 
At least 300% but less than 400% .........
$2,500.’’. 
(b) EFFECTIVE DATE.—The amendment made by this 
section shall apply to taxable years ending after December 
31, 2013. 
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