To amend the Internal Revenue Code of 1986 to increase the threshold for requiring information reporting with respect to certain payees.
Small Business Paperwork Savings Act
This bill increases from $600 to $5,000 the threshold for reporting income for tax purposes.
Placed on the Union Calendar, Calendar No. 825.
Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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