Saving Gig Economy Taxpayers Act

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.

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Documents

5 official files

• Reported in House (text)

  Reported in House · EN · 10 December 2024

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• Reported in House (PDF)

  Reported in House · EN · 10 December 2024

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• Introduced in House (text)

  Introduced in House · EN · 9 January 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 9 January 2023

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• Introduced in House

  summary · EN · 9 January 2023

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