1099K Elimination Act of 2023

House Bill 6223 - 1099K Elimination Act of 2023: Overview, Status, and Impact

Hozzl · 2023-12-15T16:03:29Z

Explore the details of House Bill 6223 1099K Elimination Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:03 PM

Congressional Summary of HR 6223

1099K Elimination Act of 2023

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

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 6223

Bill HR 6223 is currently in the status of Bill Introduced since November 3, 2023. Bill HR 6223 was introduced during Congress 118 and was introduced to the House on November 3, 2023. Bill HR 6223's most recent activity was Referred to the House Committee on Ways and Means. as of November 3, 2023

Bipartisan Support of Bill HR 6223

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6223

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 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.