Bill · H.R. 1882· House(119-HR-1882)
Saving Gig Economy Taxpayers Act
- Introduced
- 3/5/2025
- Last activity
- 3/5/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Carol Miller
- Cosponsors
- - 31 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Saving Gig Economy Taxpayers Act," seeks to amend the Internal Revenue Code of 1986. It aims to reinstate an exception for de minimis payments made by third party settlement organizations. This exception specifically relates to payments made in settlement of payment card and third party network transactions. The bill changes the requirements for when these organizations must report information regarding participating payees. It sets specific thresholds based on both the dollar amount and the number of transactions.
Yes
Does this make it easier to run a small business?+3
Reduces the administrative and reporting burdens on third-party settlement organizations handling smaller transactions.
Would business owners be better off under this?+2
Provides regulatory relief for third-party settlement organizations used by many small businesses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Reduced Reporting Requirements for Settlement Organizations: Under Section 2(a), a third party settlement organization would only be required to report information if the amount exceeds $20,000 and the aggregate number of transactions exceeds 200. This reinstates an exception that was in effect prior to the American Rescue Plan Act.
-
Consistency in Backup Withholding: Section 3(a) amends the Internal Revenue Code to ensure that payments in settlement of third party network transactions are treated as reportable only when they exceed specific aggregate thresholds for the calendar year.
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly stated in the text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+3
- Demographic And Interest Groups
- Good For Business Owners+2
- 5/14/2025
- 1 Cosponsor added.
- 5/8/2025
- 1 Cosponsor added.
- 5/6/2025
- 1 Cosponsor added.
- 5/5/2025
- 1 Cosponsor added.
- 5/1/2025
- 1 Cosponsor added.
- 4/29/2025
- 1 Cosponsor added.
- 4/7/2025
- 1 Cosponsor added.
- 3/5/2025
- Referred to the House Committee on Ways and Means.
- 24 Cosponsors added.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jodey ArringtonRepublican · Texas
Gus BilirakisRepublican · Florida
Vern BuchananRepublican · Florida
Mike BostRepublican · Illinois
Aaron BeanRepublican · Florida
Mike CareyRepublican · Ohio
Monica De La CruzRepublican · Texas
Neal DunnRepublican · Florida
Ron EstesRepublican · Kansas
Randy FeenstraRepublican · Iowa
Brian FitzpatrickRepublican · Pennsylvania
Michelle FischbachRepublican · Minnesota
Brandon GillRepublican · Texas
Kevin HernRepublican · Oklahoma
Diana HarshbargerRepublican · Tennessee
Mike KellyRepublican · Pennsylvania
David KustoffRepublican · Tennessee
Darin LaHoodRepublican · Illinois
Nicole MalliotakisRepublican · New York
Gregory MurphyRepublican · North Carolina
Blake MooreRepublican · Utah
Max MillerRepublican · Ohio
Nathaniel MoranRepublican · Texas
John McGuireRepublican · Virginia
Adrian SmithRepublican · Nebraska
David SchweikertRepublican · Arizona
Lloyd SmuckerRepublican · Pennsylvania
W. SteubeRepublican · Florida
Claudia TenneyRepublican · New York
Beth Van DuyneRepublican · Texas
Rudy YakymRepublican · Indiana