S. 359 (112th): Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

Introduced:
Feb 16, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Mike Johanns [R-NE]
Status:
Died (Referred to Committee)
See Instead:

H.R. 705 (same title)
Reported by Committee — Feb 17, 2011

H.R. 4 (same title)
Signed by the President — Apr 14, 2011

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on February 16, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 16, 2011
Referred to Committee Feb 16, 2011
Cosponsors
10 cosponsors (9R, 1D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to repeal the expansion of information reporting requirements to payments made to corporations, payments for property and other gross proceeds, and rental property expense payments, and for other purposes.

Summary

No summaries available.

Text

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Last updated Feb 16, 2011.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/16/2011--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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