US SB1390 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 20 2011 - 25% progression, died in committee
Action: 2011-07-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tax Lien Simplification Act - Amends the Internal Revenue Code to revise procedures for the filing of federal tax liens. Direct the Secretary of the Treasury to: (1) establish and maintain a federal tax lien registry, in lieu of filing tax liens in local jurisdictions, which would be accessible to and searchable by the public through the Internet at no cost; (2) take appropriate steps to secure and prevent tampering with the data recorded in the registry; and (3) review the information in the registry to determine whether information in the registry should be excluded or protected from public viewing. Establishes the priority of a federal tax lien based upon the date and time of the filing of a notice of lien in the federal tax lien registry. Reduces the period for releasing satisfied or unenforceable tax liens from 30 to 20 days.

Tracking Information

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Title

Tax Lien Simplification Act

Sponsors


History

DateChamberAction
2011-07-20SenateRead twice and referred to the Committee on Finance.
2011-07-20SenateSponsor introductory remarks on measure. (CR S4722-4724)

Subjects


US Congress State Sources


Bill Comments

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