118th Congress Taxation
H.R. 488: SNOOP Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tim Burchett R-TNOriginal
- Dan Crenshaw R-TXOriginal
- Bill Johnson R-OHOriginal
- Tom McClintock R-CAOriginal
- Mariannette Miller-Meeks R-IAOriginal
- Maria Salazar R-FLOriginal
- Tracey Mann R-KS
- Daniel Meuser R-PA
- David Rouzer R-NC
- Michael Lawler R-NY
Who scored on this bill
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History
- Introduced in the House by Michelle Steel.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.