Saving Gig Economy Taxpayers Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1882 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1882

 To amend the Internal Revenue Code of 1986 to reinstate the exception 
 for de minimis payments by third party settlement organizations with 
 respect to returns relating to payments made in settlement of payment 
 card and third party network transactions, as in effect prior to the 
   enactment of the American Rescue Plan Act, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 5, 2025

 Mrs. Miller of West Virginia (for herself, Mr. Buchanan, Mr. Smith of 
 Nebraska, Mr. Kelly of Pennsylvania, Mr. Schweikert, Mr. LaHood, Mr. 
 Arrington, Mr. Estes, Mr. Smucker, Mr. Hern of Oklahoma, Mr. Murphy, 
 Mr. Kustoff, Mr. Fitzpatrick, Mr. Steube, Ms. Tenney, Mrs. Fischbach, 
 Mr. Moore of Utah, Ms. Van Duyne, Mr. Feenstra, Ms. Malliotakis, Mr. 
  Carey, Mr. Yakym, Mr. Miller of Ohio, Mr. Bean of Florida, and Mr. 
    Moran) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to reinstate the exception 
 for de minimis payments by third party settlement organizations with 
 respect to returns relating to payments made in settlement of payment 
 card and third party network transactions, as in effect prior to the 
   enactment of the American Rescue Plan Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Saving Gig Economy Taxpayers Act''.

SEC. 2. REINSTATEMENT OF EXCEPTION FOR DE MINIMIS PAYMENTS AS IN EFFECT 
              PRIOR TO ENACTMENT OF AMERICAN RESCUE PLAN ACT.

    (a) In General.--Section 6050W(e) of the Internal Revenue Code of 
1986 is amended to read as follows:
    ``(e) Exception for De Minimis Payments by Third Party Settlement 
Organizations.--A third party settlement organization shall be required 
to report any information under subsection (a) with respect to third 
party network transactions of any participating payee only if--
            ``(1) the amount which would otherwise be reported under 
        subsection (a)(2) with respect to such transactions exceeds 
        $20,000, and
            ``(2) the aggregate number of such transactions exceeds 
        200.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in section 9674 of the American Rescue Plan Act.

SEC. 3. APPLICATION OF DE MINIMIS RULE FOR THIRD PARTY NETWORK 
              TRANSACTIONS TO BACKUP WITHHOLDING.

    (a) In General.--Section 3406(b) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
            ``(8) Other reportable payments include payments in 
        settlement of third party network transactions only where 
        aggregate transactions exceed reporting threshold for the 
        calendar year.--
                    ``(A) In general.--Any payment in settlement of a 
                third party network transaction required to be shown on 
                a return required under section 6050W which is made 
                during any calendar year shall be treated as a 
                reportable payment only if--
                            ``(i) the aggregate number of transactions 
                        with respect to the participating payee during 
                        such calendar year exceeds the number of 
                        transactions specified in section 6050W(e)(2), 
                        and
                            ``(ii) the aggregate amount of transactions 
                        with respect to the participating payee during 
                        such calendar year exceeds the dollar amount 
                        specified in section 6050W(e)(1) at the time of 
                        such payment.
                    ``(B) Exception if third party network transactions 
                made in prior year were reportable.--Subparagraph (A) 
                shall not apply with respect to payments to any 
                participating payee during any calendar year if one or 
                more payments in settlement of third party network 
                transactions made by the payor to the participating 
                payee during the preceding calendar year were 
                reportable payments.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to calendar years beginning after December 31, 2024.
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