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Delay in Reporting Changes for Third-Party Network Transactions

This bill postpones the implementation of new rules for reporting transactions made through online platforms. This means citizens and small businesses will have more time to adapt to the changed requirements that were previously set to take effect. This change may impact how online sales of goods or services are reported to the tax authorities.
Key points
Postponement of the start date for new online transaction reporting rules from December 31, 2021, to December 31, 2022.
Citizens and businesses using online platforms (e.g., for sales) gain an additional year to prepare for the modified tax requirements.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5291
Sponsor: Sen. Capito, Shelley Moore [R-WV]
Process start date: 2022-12-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to delay the implementation of the modifications of exceptions for reporting of third party network transactions.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5291.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • Postponement of the start date for new online transaction reporting rules from December 31, 2021, to December 31, 2022.
  • Citizens and businesses using online platforms (e.g., for sales) gain an additional year to prepare for the modified tax requirements.
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 Sen. Capito, Shelley Moore [R-WV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Taxes Economy