II 
Calendar No. 16 
112TH CONGRESS 
1ST SESSION 
H. R. 4 
IN THE SENATE OF THE UNITED STATES 
MARCH 3, 2011 
Received; read the first time 
MARCH 4, 2011 
Read the second time and placed on the calendar 
AN ACT 
To repeal the expansion of information reporting require-
ments for payments of $600 or more to corporations, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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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. 
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). 
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(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): 
‘‘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.’’. 
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(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years ending after De-
cember 31, 2013. 
Passed the House of Representatives March 3, 
2011. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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