United States of America: Taxation amendment restoring reporting thresholds for third party payment networks in Budget Reconciliation Bill 2025/One Big Beautiful Bill Act (HR 1)
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Timeline of events
President signed Budget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 70432 restoring reporting thresholds for third party payment networks
On 4 July 2025, the President signed the Budget Reconciliation Bill 2025/One Big Beautiful Bill Act. The Act repeals the revision to the de minimis rules for third-party network transactions enacted under section 9674 of the American Rescue Plan Act…
SourceBudget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 70432 restoring reporting thresholds for third party payment networks was adopted
On 3 July 2025, the Budget Reconciliation Bill 2025/One Big Beautiful Bill Act was adopted following the House of Representatives' motion agreeing to the Senate amendments, passed the House of Representatives after having been passed by the Senate o…
SourceBudget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 70432 restoring reporting thresholds for third party payment networks was passed by Senate
On 1 July 2025, the Senate passed amendments in section 70432 of H.R.1, titled the Budget Reconciliation Bill 2025/One Big Beautiful Bill Act. The amendments repeal the revision to the de minimis rules for third-party network transactions enacted un…
SourceBudget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 111104 restoring reporting thresholds for third party payment networks was introduced in House of Representatives
On 20 May 2025, the House of Representatives introduced amendments in section 111104 of H.R.1, titled the budget reconciliation bill 2025/One Big Beautiful Bill Act (H.R.1). The amendments repeal the revision to the de minimis rules for third party …
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