S. 898: Merchant Category Code Neutrality Act

118th Congress · introduced 2023-03-21 · Taxation · Latest: Read twice and referred to the Committee on Finance. (text: CR S861-862)

federal

Follow this bill, step by step

Where it came from: introduced 2023-03-21 · official record
Who proposed it: Sen. Thune, John [R-SD] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. (text: CR S861-862) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Merchant Category Code Neutrality Act

Plain summary

Merchant Category Code Neutrality Act This bill prohibits the Internal Revenue Service from auditing a taxpayer based primarily on the Merchant Category Codes, or other similar codes, used to classify the goods or services provided by the taxpayer's business. The bill defines Merchant Category Code to mean classification codes assigned by payment card organizations to merchants or payees that accept their payment cards to classify the goods or services provided or furnished by a merchant or payee.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Merchant Category Code Neutrality Act

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Thune, John [R-SD] · 6 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Marsha Blackburn (R-TN), Bill Cassidy (R-LA), Mike Crapo (R-ID), Steve Daines (R-MT), James Lankford (R-OK), Thom Tillis (R-NC)

Sponsor's campaign money: Sen. Thune, John [R-SD] reported raising $4.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

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Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-118s898.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/118/s>

Record fed-us-cong118-s898 · catalog fed-us-congress-bills-cong118 · updated 2026-11-15 by psicol fed-bills-cong118