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Code · STATUTE-COMPILATIONS · Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 · Sec. 2

Sec. 2. REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS TO PAYMENTS MADE TO CORPORATIONS AND TO PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS

111 words·~1 min read·/statute-compilations/comps-9609/sec-2

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## SEC. 2 REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS TO PAYMENTS MADE TO CORPORATIONS AND TO PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS ###
(a)Application to Corporations **[**[26 U.S.C. 6041](/us/usc/t26/s6041)**]** Section 6041 of the Internal Revenue Code of 1986 is amended by striking subsections
(i)and (j). ###
(b)Payments for Property and Other Gross Proceeds Subsection
(a)of section 6041 of such Code is amended— ####
(1)by striking “amounts in consideration for property,”, and ####
(2)by striking “gross proceeds,” both places it appears. ###
(c)Effective Date **[**[26 U.S.C. 6041 note](/us/usc/t26/s6041)**]** The amendments made by this section shall apply to payments made after December 31, 2011.
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Sec. 2
REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS TO PAYMENTS MADE TO CORPORATIONS AND TO PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS
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