HR 3425
Saving Gig Economy Taxpayers Act
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- Passed House
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Bill overview
This bill, the Saving Gig Economy Taxpayers Act, aims to ease the reporting requirements for third-party settlement organizations that process payments for gig economy workers. It reverses a provision from the American Rescue Plan Act that required these organizations to report transactions exceeding $600, regardless of the number of transactions. Instead, the bill raises the reporting threshold to $20,000 with a minimum of 200 transactions, reducing the burden on smaller businesses and workers.
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Primary sponsor
Cosponsors
A. Drew, IV Ferguson
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