118th Congress · HOUSE BILLBILL

H.R. 6223 — 1099K Elimination Act of 2023

“To amend the Internal Revenue Code of 1986 to remove a requirement for payment settlement entities to file returns relating to certain participating payees.”

Taxation

Introduced Nov 3, 2023

Last action Nov 3, 2023

Pipeline · Bill → Law

Step 1

Introduced

Nov 3, 2023

Step 2

Referred

Nov 3, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill repeals the requirement of filing informational returns relating to payments made in settlement of payment card and third party network transactions.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Nov 3, 2023

Introduced in House

Nov 3, 2023

Referred to the House Committee on Ways and Means.