Legis Daily

SNOOP Act of 2023

USA118th CongressHR-488| House 
| Updated: 1/24/2023
Michelle Steel

Michelle Steel

Republican Representative

California

Cosponsors (10)
Tim Burchett (Republican)Mariannette Miller-Meeks (Republican)Tom McClintock (Republican)David Rouzer (Republican)Maria Elvira Salazar (Republican)Daniel Meuser (Republican)Dan Crenshaw (Republican)Michael Lawler (Republican)Tracey Mann (Republican)Bill Johnson (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Stop the Nosy Obsession with Online Payments Act of 2023 or the SNOOP Act of 2023 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.
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Timeline

Bill from Previous Congress

HR 117-6913
SNOOP Act of 2022
Jan 23, 2023

Latest Companion Bill Action

S 118-26
Introduced in Senate
Jan 24, 2023
Introduced in House
Jan 24, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-6913
    SNOOP Act of 2022


  • January 23, 2023

    Latest Companion Bill Action

    S 118-26
    Introduced in Senate


  • January 24, 2023
    Introduced in House


  • January 24, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 118-26: SNOOP Act of 2023
Small businessTax administration and collection, taxpayersWages and earnings

SNOOP Act of 2023

USA118th CongressHR-488| House 
| Updated: 1/24/2023
Stop the Nosy Obsession with Online Payments Act of 2023 or the SNOOP Act of 2023 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6913
SNOOP Act of 2022
Jan 23, 2023

Latest Companion Bill Action

S 118-26
Introduced in Senate
Jan 24, 2023
Introduced in House
Jan 24, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-6913
    SNOOP Act of 2022


  • January 23, 2023

    Latest Companion Bill Action

    S 118-26
    Introduced in Senate


  • January 24, 2023
    Introduced in House


  • January 24, 2023
    Referred to the House Committee on Ways and Means.
Michelle Steel

Michelle Steel

Republican Representative

California

Cosponsors (10)
Tim Burchett (Republican)Mariannette Miller-Meeks (Republican)Tom McClintock (Republican)David Rouzer (Republican)Maria Elvira Salazar (Republican)Daniel Meuser (Republican)Dan Crenshaw (Republican)Michael Lawler (Republican)Tracey Mann (Republican)Bill Johnson (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 118-26: SNOOP Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small businessTax administration and collection, taxpayersWages and earnings