H.R.7090: Eliminating Paperwork for Startups Act

About This Bill

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Version

Bill Summary

Eliminating Paperwork for Startups Act This bill requires the Internal Revenue Service to allow the election relating to property transferred in connection with services (i.e., to include in gross income the amount of such property in the year of transfer) to be made in electronic form.

(Source: Library of Congress)

Bill Actions

Date Description
March 15, 2022
Referred to the House Committee on Ways and Means.
March 15, 2022

Introduced in the House by Patrick T. McHenry (R-N.C.)

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