United States of America: Budget 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
Description
Budget 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 …
Scope
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), platform intermediary: e-commerce, platform intermediary: other
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2025-05-20
under deliberation
2025-07-01
under deliberation
2025-07-03
adopted