US SB437 | 2011-2012 | 112th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 2 2011 - 25% progression, died in committee
Action: 2011-03-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Taxpayer Receipt Act - Amends the Internal Revenue Code to require the Secretary of the Treasury to provide every taxpayer who files an individual income tax return for any taxable year an itemized tax receipt showing: (1) the proportionate allocation of the taxpayer's payment in such year among major expenditure categories of the federal budget (e.g., social security, national defense, Medicare and other federal health programs, low-income assistance programs, unemployment benefits, net interest on the federal debt, and other federal programs); and (2) the amount of the federal debt at the end of the fiscal year and the amount of additional borrowing by the federal government in such fiscal year per each legal U.S. resident.

Tracking Information

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Title

Taxpayer Receipt Act

Sponsors


History

DateChamberAction
2011-03-02SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1527 (Same As) 2011-04-13 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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