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

Bill: 112-hr-4
Sponsor: Rep. Lungren, Daniel E. [R-CA-3]
Introduced: 2011-01-12 in the House
Policy area: Taxation
Subjects: Business records
Corporate finance and management
Tax administration and collection, taxpayers

Summary:
action_date: 2011-01-03
text: 
Small Business Paperwork Mandate Elimination Act of 2011 - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.

action_date: 2011-02-22
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Small Business Paperwork Mandate Elimination Act of 2011 - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.

action_date: 2011-03-03
text: 
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. 

action_date: 2011-04-05
text: 

(This measure has not been amended since it was passed by the House on March 3, 2011. The summary of that version is repeated here.)

 
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. 

action_date: 2011-04-14
text: 

(This measure has not been amended since it was passed by the House on March 3, 2011. The summary of that version is repeated here.)

 
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. 


Legislative actions:
action_date: 2011-04-14
text: Became Public Law No: 112-9.
action_date: 2011-04-14
text: Became Public Law No: 112-9.
action_date: 2011-04-14
text: Signed by President.
action_date: 2011-04-14
text: Signed by President.
action_date: 2011-04-06
text: Presented to President.
action_date: 2011-04-06
text: Presented to President.
action_date: 2011-04-05
text: Message on Senate action sent to the House.
action_date: 2011-04-05
text: Passed Senate, under the order of 3/31/2011, having achieved 60 votes in the affirmative, without amendment by Yea-Nay Vote. 87 - 12. Record Vote Number: 49.
action_date: 2011-04-05
text: Passed/agreed to in Senate: Passed Senate, under the order of 3/31/2011, having achieved 60 votes in the affirmative, without amendment by Yea-Nay Vote. 87 - 12. Record Vote Number: 49.
action_date: 2011-04-05
text: Measure laid before Senate by unanimous consent. (consideration: CR S2099-2108)
action_date: 2011-03-04
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 16.
action_date: 2011-03-03
text: Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
action_date: 2011-03-03
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2011-03-03
text: On passage Passed by recorded vote: 314 - 112 (Roll No. 162). (text: CR H1529-1530)
action_date: 2011-03-03
text: Passed/agreed to in House: On passage Passed by recorded vote: 314 - 112 (Roll No. 162).(text: CR H1529-1530)
action_date: 2011-03-03
text: Point of order raised by Mr. Weiner on the voice vote of the measure. Mr Weiner stated that the bill purportedly included a Federal income tax increase making the clause 5b of Rule XXI requirement for a three-fifths majority for passage of the measure applicable. Point of order overruled by the Chair.
action_date: 2011-03-03
text: On motion to table the motion to appeal the ruling of the chair Agreed to by the Yeas and Nays: 243 - 181 (Roll no. 161).
action_date: 2011-03-03
text: Mr. Camp moved to table the motion to appeal the ruling of the chair
action_date: 2011-03-03
text: Mr. Levin appealed the ruling of the chair. The question was then put on sustaining the ruling of the chair. (consideration: CR H1551)
action_date: 2011-03-03
text: Point of order sustained against the motion to recommit with instructions.
action_date: 2011-03-03
text: Mr. Camp raised a point of order against the motion to recommit with instructions. Mr Camp stated that the motion violated clause 10 of rule XXI by proposing an increase in mandatory spending over a relevant period of time. Sustained by the Chair.
action_date: 2011-03-03
text: The instructions contained in the McNerney motion seek to require the Committee on Ways and Means to report the bill back to the House forthwith with an amendment which inserts sections entitled "NONREFUNDABLE PERSONAL CREDIT FOR TAXPAYERS SUBJECT TO A TAX INCREASE UNDER THE SMALL BUSINESS PAPERWORK MANDATE ELIMINATION ACT OF 2011", "INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES", and "MAJOR INTEGRATED OIL COMPANIES INELIGIBLE FOR LAST-IN, FIRST-OUT MEHTOD OF INVENTORY".
action_date: 2011-03-03
text: Mr. McNerney moved to recommit with instructions to Ways and Means. (consideration: CR H1549-1551; text: CR H1549)
action_date: 2011-03-03
text: The previous question was ordered pursuant to the rule. (consideration: CR H1549)
action_date: 2011-03-03
text: DEBATE - The House resumed debate on H.R. 4.
action_date: 2011-03-03
text: WORDS TAKEN DOWN - During the course of debate, exception was taken to certain words used in debate. Subsequently, unanimous consent was granted to withdraw the words and the House resumed debate on H.R. 4.
action_date: 2011-03-03
text: DEBATE - The House proceeded with two hours and thirty minutes of debate on H.R. 4, as amended.
action_date: 2011-03-03
text: Rule provides for consideration of H.R. 4 with 2 hours and 30 minutes of general debate. Motion to recommit with or without instructions is allowed. Measure will be considered read. Bill is closed to amendments. The resolution provides that an amendment in the nature of a substitute consisting of the text of the amendment recommended by the Committee on Ways and Means now printed in H.R. 705 shall be considered as adopted. The resolution waives all points of order against provisions in the bill, as amended. The waiver of all points of order against provisions in the bill, as amended, is prophylactic in nature.
action_date: 2011-03-03
text: Considered under the provisions of rule H. Res. 129. (consideration: CR H1529-1553)
action_date: 2011-03-02
text: Rule H. Res. 129 passed House.
action_date: 2011-03-01
text: Rules Committee Resolution H. Res. 129 Reported to House. Rule provides for consideration of H.R. 4 with 2 hours and 30 minutes of general debate. Motion to recommit with or without installowed. Measure will be considered read. Bill is closed to amendments. The resolution provides that an amendment in the nature of a substitute consisting of the text of the amendment recommended by the Committee on Ways and Means now printed in H.R. 705 shall be considered as adopted. The resolution waives all points of order against provisions in the bill, as amended. The waiver of all points of order against provisions in the bill, as amended, is prophylactic in nature.
action_date: 2011-02-22
text: Placed on the Union Calendar, Calendar No. 6.
action_date: 2011-02-22
text: Reported by the Committee on Ways and Means. H. Rept. 112-15.
action_date: 2011-02-22
text: Reported by the Committee on Ways and Means. H. Rept. 112-15.
action_date: 2011-02-17
text: Ordered to be Reported by Voice Vote.
action_date: 2011-02-17
text: Committee Consideration and Mark-up Session Held.
action_date: 2011-01-12
text: Referred to the House Committee on Ways and Means.
action_date: 2011-01-12
text: Introduced in House
action_date: 2011-01-12
text: Introduced in House

Enacted as: number: 112-9