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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

Sponsors


History

DateChamberAction
2011-02-16SenateRead 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.

Subjects


US Congress State Sources


Bill Comments

feedback