118th Congress · HOUSE BILLBILL

H.R. 3991 — Small Business Paperwork Savings Act

“To amend the Internal Revenue Code of 1986 to increase the threshold for requiring information reporting with respect to certain payees.”

Taxation

Introduced Jun 9, 2023

Last action Jun 9, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 9, 2023

Step 2

Referred

Jun 9, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases from $600 to $5,000 the threshold for reporting income for tax purposes.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 9, 2023

Introduced in House

Jun 9, 2023

Referred to the House Committee on Ways and Means.