legislation: 111-s-3777

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
111-s-3777 111 s 3777 Information Reporting Modernization Act of 2010 Taxation 2010-09-14 2010-09-14 Read twice and referred to the Committee on Finance. Senate Sen. Landrieu, Mary L. [D-LA] LA D L000550 0 Information Reporting Modernization Act of 2010 - Amends the Internal Revenue Code to increase from $600 to $5,000 the threshold amount for reporting to the Internal Revenue Service (IRS) payments made to corporations. Adjusts such increased amount for inflation, beginning after 2012. Requires the Secretary of the Treasury, with respect to tax returns filed in calendar years after 2011, to: (1) upgrade IRS scanning technology to allow for the submission of generic 1099-MISC forms downloaded from the IRS website; and (2) establish a free online entry and submission mechanism. 2023-01-11T13:21:25Z  

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