S. 123 · 118th Congress
BAD IRS Activities Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ScottSponsor3 cosponsors · 3 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Blocking the Adverse and Dramatic Increased Reliance on Surveillance Activities Act or the BAD IRS Activities Act
What it does: CRS summary · Introduced in Senate · Jan 26, 2023
Blocking the Adverse and Dramatic Increased Reliance on Surveillance Activities Act or the BAD IRS Activities Act
This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.
This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.
The bill rescinds unobligated funds for Internal Revenue Service enforcement activities and operations support.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: BAD IRS Activities Act
Also known as: Blocking the Adverse and Dramatic Increased Reliance on Surveillance Activities Act
Latest action (Jan 30, 2023): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 8.
Policy area: Taxation · Origin: Senate · Introduced: Jan 26, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.