HR 3877 · 112th Congress · Taxation

1099K Overreach Prevention Act

Introduced 2012-02-01· Sponsored by Rep. Schock, Aaron [R-IL-18]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-02-01)

Plain Language Summary

[AI summary unavailable — showing source text] 1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans
Rep. Schilling, Robert T. [R-IL-17]IL
Rep. LoBiondo, Frank A. [R-NJ-2]NJ
Rep. Graves, Tom [R-GA-9]GA
Rep. Burton, Dan [R-IN-5]IN
Rep. Ribble, Reid J. [R-WI-8]WI
Rep. Roskam, Peter J. [R-IL-6]IL
Rep. Hultgren, Randy [R-IL-14]IL
Rep. Herger, Wally [R-CA-2]CA
Rep. Johnson, Timothy V. [R-IL-15]IL
Rep. Paulsen, Erik [R-MN-3]MN
Rep. Black, Diane [R-TN-6]TN
Rep. Meehan, Patrick [R-PA-7]PA
Rep. Forbes, J. Randy [R-VA-4]VA
Rep. Gosar, Paul A. [R-AZ-1]AZ
Rep. Nugent, Richard B. [R-FL-5]FL
Rep. McCotter, Thaddeus G. [R-MI-11]MI
Rep. Kline, John [R-MN-2]MN
Rep. Griffin, Tim [R-AR-2]AR
Rep. McKeon, Howard P. "Buck" [R-CA-25]CA
Rep. Scott, Austin [R-GA-8]GA