Natural Disaster Property Protection Act of 2025

This bill raises the amount of money at which businesses are required to report certain payments to the IRS from $600 to $5,000, but only for payments related to natural disasters or extreme weather. Right now, if a business pays someone $600 or more for services, it generally has to report that payment to the IRS using a Form 1099. Under this bill, if those payments are for preventing or repairing damage to property caused by natural disasters or extreme weather, the business wouldn't have to file that report unless the payments total $5,000 or more.

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