Saving Gig Economy Taxpayers Act

Hozzl · 2025-03-27T03:23:27Z

Explore the details of House Bill 1882 Saving Gig Economy Taxpayers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/27/2025, 3:23 AM

Summary of Bill HR 1882

Bill 119 hr 1882 aims to make changes to the Internal Revenue Code of 1986 regarding de minimis payments made by third party settlement organizations in relation to payment card and third party network transactions. The bill seeks to reinstate an exception for these types of payments, which was in effect before the American Rescue Plan Act was enacted.

The bill is focused on ensuring that small payments made by third party settlement organizations are not subject to certain tax reporting requirements. By reinstating this exception, the bill aims to reduce the administrative burden on these organizations and simplify the tax reporting process for them.

In addition to reinstating the exception for de minimis payments, the bill also includes provisions for other purposes related to tax reporting and compliance. Overall, the goal of Bill 119 hr 1882 is to streamline the tax reporting process for third party settlement organizations and ensure that they are not unduly burdened by unnecessary regulations.

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Current Status of Bill HR 1882

Bill HR 1882 is currently in the status of Bill Introduced since March 5, 2025. Bill HR 1882 was introduced during Congress 119 and was introduced to the House on March 5, 2025. Bill HR 1882's most recent activity was Referred to the House Committee on Ways and Means. as of March 5, 2025

Bipartisan Support of Bill HR 1882

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Policy Area and Potential Impact of Bill HR 1882

Primary Policy Focus

Alternate Title(s) of Bill HR 1882

To amend the Internal Revenue Code of 1986 to reinstate the exception for de minimis payments by third party settlement organizations with respect to returns relating to payments made in settlement of payment card and third party network transactions, as in effect prior to the enactment of the American Rescue Plan Act, and for other purposes.