US SB1100 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on April 9 2019 - 25% progression, died in committee
Action: 2019-04-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 9 2019 - 25% progression, died in committee
Action: 2019-04-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable. The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application. In implementing the program, the IRS must (1) ensure that the program complies with applicable security standards and guidelines; and (2) assess and collect a fee for the disclosures at rates that are sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.
Title
A bill to institute a program for the disclosure of taxpayer information for third-party income verification through the Internet.
Sponsors
Sen. Cory Booker [D-NJ] | Sen. Tim Scott [R-SC] | Sen. Mike Crapo [R-ID] |
History
Date | Chamber | Action |
---|---|---|
2019-04-09 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1957 (Related) 2020-08-04 - Became Public Law No: 116-152. (TXT | PDF)
HB2007 (Same As) 2019-04-01 - Referred to the House Committee on Ways and Means.
SB928 (Related) 2019-03-28 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2091)
HB3151 (Related) 2019-07-01 - Became Public Law No: 116-25. (TXT | PDF)
HR1053 (Similar To) 2020-07-20 - Motion to reconsider laid on the table Agreed to without objection.
HB2007 (Same As) 2019-04-01 - Referred to the House Committee on Ways and Means.
SB928 (Related) 2019-03-28 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2091)
HB3151 (Related) 2019-07-01 - Became Public Law No: 116-25. (TXT | PDF)
HR1053 (Similar To) 2020-07-20 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Government trust funds
Internet and video services
Tax administration and collection, taxpayers
Taxation
User charges and fees
Internet and video services
Tax administration and collection, taxpayers
Taxation
User charges and fees
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1100/all-info |
Text | https://www.congress.gov/116/bills/s1100/BILLS-116s1100is.pdf |