United States · Bill · S
S. 898 (118th)
Merchant Category Code Neutrality Act
Introduced
21 March 2023
Last action
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Status
Read twice and referred to the Committee on Finance. (text: CR S861-862)
Sponsors
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Subjects
Discovery layer
Source updated
24 July 2024
Summary
Merchant Category Code Neutrality Act This bill prohibits the Internal Revenue Service from auditing a taxpayer based primarily on the Merchant Category Codes, or other similar codes, used to classify the goods or services provided by the taxpayer's business. The bill defines Merchant Category Code to mean classification codes assigned by payment card organizations to merchants or payees that accept their payment cards to classify the goods or services provided or furnished by a merchant or payee.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 21 March 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 March 2023
Introduced in Senate
summary · EN · 21 March 2023
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/898
- Open data entity: https://api.congress.gov/v3/bill/118/s/898