“Section 6041(a) is amended by striking "$600" and inserting "$2,000".”
The section strikes $600 and inserts $2,000 in section 6041(a) of the Internal Revenue Code of 1986. It also changes the subsection heading and replaces taxable year with calendar year in that subsection.
What the document actually says
“Section 6041(a) is amended by striking "$600" and inserting "$2,000".”
That sentence, in plain words
The figure $600 is taken out. The figure $2,000 is put in.
What this is about
That figure sets when a payer must report. A higher floor means fewer reports. The heading is reworded to match.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70433, 139 Stat. 243 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The reporting floor rises from $600 to $2,000,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70433, Sec. 70433. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70433-threshold/ (retrieved August 26, 2026).
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