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Online Payment Reporting Changes: Higher Thresholds for Sellers

This act aims to restore previous online transaction reporting rules, meaning payment platforms will only report accounts to the IRS that exceed $20,000 and 200 transactions annually. This reduces the tax burden for individuals selling goods or services online through smaller transactions.
Key points
Raises the reporting threshold for online transactions to $20,000 and 200 transactions per year.
Reduces administrative burden for individuals making small online sales.
Changes apply to calendar years beginning after December 31, 2021.
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Status:
Expired
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Additional Information
Print number: 117_HR_6913
Sponsor: Rep. Steel, Michelle [R-CA-48]
Process start date: 2022-03-03
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SNOOP Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6913.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • Raises the reporting threshold for online transactions to $20,000 and 200 transactions per year.
  • Reduces administrative burden for individuals making small online sales.
  • Changes apply to calendar years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steel, Michelle [R-CA-48].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy