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

Introduced:
Feb 16, 2011 (112th Congress, 2011–2013)
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

Sponsor
Mike Johanns
Senior Senator from Nebraska
Party
Republican
Text
Read Text »
Last Updated
Feb 16, 2011
Length
3 pages
Related Bills
H.R. 705 (identical)

Reported by Committee
Last Action: Feb 17, 2011

H.R. 4 (Related)
Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

Signed by the President
Apr 14, 2011

 
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
 
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.

Cosponsors
10 cosponsors (9R, 1D) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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