The new figure is carried into services reporting and backup withholding
What the document says“Section 6041A(a)(2) is amended by striking "is $600 or more" and inserting "equals or exceeds the dollar amount in effect for such calendar year under section 6041(a)".”
The section replaces the fixed $600 test in section 6041A(a)(2) of the Internal Revenue Code of 1986 with a pointer to the amount in effect for the year under section 6041(a), and makes the same swap in section 3406(b)(6)(A) along with a matching heading change. The amendments apply to payments made after December 31, 2025.
What the document actually says“Section 6041A(a)(2) is amended by striking "is $600 or more" and inserting "equals or exceeds the dollar amount in effect for such calendar year under section 6041(a)".”
A fixed figure is taken out of a rule. A pointer to the new figure is put in.
So the two rules move together from now on. The same swap is made in a withholding rule. The changes reach payments after December 31, 2025.
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