S.Amdt. 6540Senate117th Congress (2021-2023)

To rescind certain funding provided to the Internal Revenue Service under section 10301 of Public Law 117-169 and to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold.

Sponsored by Rick ScottSen. Rick Scott (R-FL)
Submitted December 15, 2022

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Floor Latest Action

Roll call votes on amendments in Senate: Amendment SA 6540, under the order of 12/15/22, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 47. Record Vote Number: 397.

December 15, 2022

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Floor

Roll call votes on amendments in Senate: Amendment SA 6540, under the order of 12/15/22, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 47. Record Vote Number: 397.

December 15, 2022

Floor

Senate amendment not agreed to: Amendment SA 6540, under the order of 12/15/22, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 47. Record Vote Number: 397.

December 15, 2022

Floor

Senate amendment proposed (on the floor): Amendment SA 6540 proposed by Senator Scott FL.

December 15, 2022

Floor

Senate amendment submitted

December 15, 2022

Floor

Amendment SA 6540 proposed by Senator Scott FL. (consideration: CR S7240-7241; text: CR S7240) To rescind certain funding provided to the Internal Revenue Service under section 10301 of Public Law 117-169 and to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold.

December 15, 2022

Floor

Amendment SA 6540, under the order of 12/15/22, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 47. Record Vote Number: 397.

December 15, 2022

Text

Submitted

SA 6540. Mr. SCOTT of Florida (for himself, Mr. Johnson, and Mr.
Braun) proposed an amendment to the bill H.R. 1437, to amend the
Weather Research and Forecasting Innovation Act of 2017 to direct the
National Oceanic and Atmospheric Administration to provide
comprehensive and regularly updated Federal precipitation information,
and for other purposes; as follows:

At the end, add the following:

DIVISION E--INTERNAL REVENUE SERVICE AND TAX ADMINISTRATION

SEC. 101. RESCISSION OF CERTAIN FUNDS FOR ENHANCED INTERNAL
REVENUE SERVICE RESOURCES.

Effective on the date of enactment of this Act, the
unobligated balances of the amounts made available under the
following provisions of Public Law 117-169 are rescinded:
(1) Internal revenue service enforcement funds.--Section
10301(1)(A)(ii).
(2) Internal revenue service operations support.--Section
10301(1)(A)(iii).

SEC. 102. REPEAL OF MODIFICATIONS OF EXCEPTIONS FOR REPORTING
OF THIRD PARTY NETWORK TRANSACTIONS.

(a) In General.--Section 6050W(e) of the Internal Revenue
Code of 1986 is amended to read as follows:
``(e) Exception for De Minimis Payments by Third Party
Settlement Organizations.--A third party settlement
organization shall be required to report any information
under subsection (a) with respect to third party network
transactions of any participating payee only if--
``(1) the amount which would otherwise be reported under
subsection (a)(2) with respect to such transactions exceeds
$20,000, and
``(2) the aggregate number of such transactions exceeds
200.''.
(b) Effective Date.--The amendment made by this section
shall apply to returns for calendar years beginning after
December 31, 2021.
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