Legis Daily

Merchant Category Code Neutrality Act

USA118th CongressS-898| Senate 
| Updated: 3/21/2023
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (6)
Bill Cassidy (Republican)Thomas Tillis (Republican)Marsha Blackburn (Republican)James Lankford (Republican)Steve Daines (Republican)Mike Crapo (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Merchant Category Code Neutrality Act This bill prohibits the Internal Revenue Service from auditing a taxpayer based primarily on the Merchant Category Codes, or other similar codes, used to classify the goods or services provided by the taxpayer's business. The bill defines Merchant Category Code to mean classification codes assigned by payment card organizations to merchants or payees that accept their payment cards to classify the goods or services provided or furnished by a merchant or payee.
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Timeline
Mar 21, 2023
Introduced in Senate
Mar 21, 2023
Read twice and referred to the Committee on Finance. (text: CR S861-862)
  • March 21, 2023
    Introduced in Senate


  • March 21, 2023
    Read twice and referred to the Committee on Finance. (text: CR S861-862)

Taxation

Merchant Category Code Neutrality Act

USA118th CongressS-898| Senate 
| Updated: 3/21/2023
Merchant Category Code Neutrality Act This bill prohibits the Internal Revenue Service from auditing a taxpayer based primarily on the Merchant Category Codes, or other similar codes, used to classify the goods or services provided by the taxpayer's business. The bill defines Merchant Category Code to mean classification codes assigned by payment card organizations to merchants or payees that accept their payment cards to classify the goods or services provided or furnished by a merchant or payee.
View Full Text

Suggested Questions

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

Timeline
Mar 21, 2023
Introduced in Senate
Mar 21, 2023
Read twice and referred to the Committee on Finance. (text: CR S861-862)
  • March 21, 2023
    Introduced in Senate


  • March 21, 2023
    Read twice and referred to the Committee on Finance. (text: CR S861-862)
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (6)
Bill Cassidy (Republican)Thomas Tillis (Republican)Marsha Blackburn (Republican)James Lankford (Republican)Steve Daines (Republican)Mike Crapo (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted