A bill to delay the implementation of the modifications of exceptions for reporting of third party network transactions.

Bill: 117-s-5291
Sponsor: full_name: Sen. Capito, Shelley Moore [R-WV]
Introduced: 2022-12-15
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-12-15
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2022-12-15
action_desc: Introduced in Senate
text: <p>This bill delays the implementation of a <i>de minimis</i> exception to the tax reporting requirements of third party network transactions for transactions not exceeding $600.</p>

tv_txt: II 117th CONGRESS 2d Session S. 5291 IN THE SENATE OF THE UNITED STATES December 15, 2022 Mrs. Capito introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To delay the implementation of the modifications of exceptions for reporting of third party network transactions.

1. Delay in modification of exceptions for reporting of third party network transactions Section 9674(c)(1) of the American Rescue Plan of 2021 is amended by striking December 31, 2021 and inserting December 31, 2022 .