US SB359 | 2011-2012 | 112th Congress
Status
Spectrum: Strong Partisan Bill (Republican 10-1)
Status: Introduced on February 16 2011 - 25% progression, died in committee
Action: 2011-02-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 16 2011 - 25% progression, died in committee
Action: 2011-02-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.
Title
Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011
Sponsors
Sen. Mike Johanns [R-NE] | Sen. Kelly Ayotte [R-NH] | Sen. Roy Blunt [R-MO] | Sen. Richard Burr [R-NC] |
Sen. Daniel Coats [R-IN] | Sen. Thad Cochran [R-MS] | Sen. Michael Enzi [R-WY] | Sen. James Inhofe [R-OK] |
Sen. Johnny Isakson [R-GA] | Sen. Joe Manchin [D-WV] | Sen. Jerry Moran [R-KS] |
History
Date | Chamber | Action |
---|---|---|
2011-02-16 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB705 (Same As) 2011-02-22 - Placed on the Union Calendar, Calendar No. 7.
HB4 (Related) 2011-04-14 - Became Public Law No: 112-9.
HB4 (Related) 2011-04-14 - Became Public Law No: 112-9.
Subjects
Business records
Corporate finance and management
Health care costs and insurance
Income tax credits
Tax administration and collection, taxpayers
Taxation
Corporate finance and management
Health care costs and insurance
Income tax credits
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/359/all-info |
Text | https://www.congress.gov/112/bills/s359/BILLS-112s359is.pdf |