Virginia House Bill 730 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 10 2020 - 100% progression
Action: 2020-03-10 - Governor: Acts of Assembly Chapter text (CHAP0248)
Text: Latest bill text (Chaptered) [HTML]

Reporting of payments by third-party settlement organizations. Requires third-party settlement organizations (TPSOs) to report to the Tax Department the gross amount of payments made to any participating payee, a person who receives payment from a TPSO. Generally speaking, a TPSO is a company that provides a platform for buyers and sellers to transact goods or services and settles transactions between those parties. Examples of TPSOs would be marketplace facilitators and "gig economy" platforms. Under federal law, payments by TPSOs to participating payees need not be reported unless they exceed $20,000 and there are more than 200 transactions between the TPSO and the participating payee. The bill instead requires use of the standard 1099 reporting threshold of $600 for non-TPSO income as the level at which TPSO income must be reported to the Tax Department. The requirements of the bill apply only to payments to participating payees with a Virginia address.

Third-party settlement organizations; reporting of payments.

Del. Vivian Watts [D]

2020-02-20 - Senate - Senate: Passed Senate (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-18 - Senate - Senate: Reported from Finance and Appropriations (11-Y 0-N) (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-28 - House - House: VOTE: Passage (58-Y 40-N) (Y: 58 N: 40 NV: 2 Abs: 0) [PASS]
2020-01-22 - House - House: Reported from Finance (14-Y 8-N) (Y: 14 N: 8 NV: 0 Abs: 0) [PASS]
2020-01-15 - House - House: Failed to report (defeated) in Finance (9-Y 11-N) (Y: 9 N: 11 NV: 2 Abs: 0) [FAIL]

Date	Chamber	Action
2020-03-10		Governor: Acts of Assembly Chapter text (CHAP0248)
2020-03-10		Governor: Approved by Governor-Chapter 248 (effective 7/1/20)
2020-03-03		Governor: Governor's Action Deadline 11:59 p.m., March 10, 2020
2020-03-03	House	Enrolled Bill communicated to Governor on March 3, 2020
2020-02-26	Senate	Signed by President
2020-02-25	House	Signed by Speaker
2020-02-25	House	Bill text as passed House and Senate (HB730ER)
2020-02-25	House	Enrolled
2020-02-20	Senate	Passed Senate (39-Y 1-N)
2020-02-20	Senate	Read third time
2020-02-19	Senate	Constitutional reading dispensed (39-Y 0-N)
2020-02-18	Senate	Reported from Finance and Appropriations (11-Y 0-N)
2020-01-29	Senate	Referred to Committee on Finance and Appropriations
2020-01-29	Senate	Constitutional reading dispensed
2020-01-28	House	VOTE: Passage (58-Y 40-N)
2020-01-28	House	Read third time and passed House (58-Y 40-N)
2020-01-27	House	Read second time and engrossed
2020-01-24	House	Read first time
2020-01-22	House	Reported from Finance (14-Y 8-N)
2020-01-22	House	Reconsidered by Finance
2020-01-15	House	Failed to report (defeated) in Finance (9-Y 11-N)
2020-01-06	House	Referred to Committee on Finance
2020-01-06	House	Prefiled and ordered printed; offered 01/08/20 20100549D

SB211 (Same As) 2020-03-02 - Governor: Acts of Assembly Chapter text (CHAP0063)

Chapter	Article	Section	Citation Type	Statute Text
58	1	356	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB730
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB730+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB730ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0248+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0005+HB0730
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H10V0017+HB0730
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV0104+HB0730
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0334+HB0730
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0734HB0730+HB0730
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0760HB0730+HB0730