republic-os/legislation/us/states/va/2020/hb-730.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Third-party settlement organizations; reporting of payments.	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. This bill is identical to SB 211.	us/states/va	Virginia General Assembly	2020	HB 730	Virginia HB 730 (2020)	bill		enacted	Vivian E. Watts	3	23	6	2020-01-06	2020-03-10	openstates	ocd-bill/ede0ff37-2738-48e7-832c-9a05c3372d4d	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB730	8ed27779e72f253d3414b107aa1e19b591fcf48055378775eb76b0ed43ad55ca	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 730 (2020) — Third-party settlement organizations; reporting of payments.

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. This bill is identical to SB 211.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Acts of Assembly Chapter text (CHAP0248) (committee substitute) — source
2. Bill text as passed House and Senate (HB730ER) (committee substitute) — source
3. Impact statement from TAX (HB730) (committee substitute) — source

Votes

• Failed to report (defeated) in Finance (9-Y 11-N) — 9–11 (fail) · lower
• Reported from Finance and Appropriations (11-Y 0-N) — 11–0 (pass) · upper
• Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper
• VOTE: Passage (58-Y 40-N) — 57–40 (pass) · lower
• Reported from Finance (14-Y 8-N) — 14–8 (pass) · lower
• Passed Senate (39-Y 1-N) — 39–1 (pass) · upper

Sponsors

• Vivian E. Watts — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2020-01-06 Prefiled and ordered printed; offered 01/08/20 20100549D introduction
• 2020-01-06 Referred to Committee on Finance referral-committee
• 2020-01-14 Impact statement from TAX (HB730)
• 2020-01-15 Failed to report (defeated) in Finance (9-Y 11-N)
• 2020-01-22 Reconsidered by Finance
• 2020-01-22 Reported from Finance (14-Y 8-N) committee-passage
• 2020-01-24 Read first time reading-1
• 2020-01-27 Read second time and engrossed reading-2
• 2020-01-28 Read third time and passed House (58-Y 40-N) passage, reading-3
• 2020-01-28 VOTE: Passage (58-Y 40-N)
• 2020-01-29 Constitutional reading dispensed
• 2020-01-29 Referred to Committee on Finance and Appropriations referral-committee
• 2020-02-18 Reported from Finance and Appropriations (11-Y 0-N) committee-passage
• 2020-02-19 Constitutional reading dispensed (39-Y 0-N)
• 2020-02-20 Read third time reading-3
• 2020-02-20 Passed Senate (39-Y 1-N) passage
• 2020-02-25 Enrolled
• 2020-02-25 Impact statement from TAX (HB730ER)
• 2020-02-25 Signed by Speaker
• 2020-02-26 Signed by President
• 2020-03-03 Enrolled Bill communicated to Governor on March 3, 2020
• 2020-03-03 Governor's Action Deadline 11:59 p.m., March 10, 2020
• 2020-03-10 Approved by Governor-Chapter 248 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ede0ff37-2738-48e7-832c-9a05c3372d4d. Confidence: reported (aggregated from official Virginia legislature records).