Title: Taxpayer Fairness Fund Act of 2020
Policy area: Taxation

Summary:
Taxpayer Fairness Fund Act of 2020
This bill establishes the Taxpayer Fairness Fund to enhance Internal Revenue Service (IRS) enforcement activities. The fund provides amounts for the hiring, training, and employment of IRS personnel to determine and collect owed taxes from individuals with annual incomes of $500,000 or more and corporations with assets valued at $5 million or more. The fund is financed by voluntary designations of certain taxpayers on their tax returns of $5.00 from overpayment of tax.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7648 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7648

 To amend the Internal Revenue Code of 1986 to allow for contributions 
          to a Taxpayer Fairness Fund, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2020

  Ms. Moore introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow for contributions 
          to a Taxpayer Fairness Fund, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taxpayer Fairness Fund Act of 
2020''.

SEC. 2. DESIGNATION OF OVERPAYMENTS AS CONTRIBUTIONS TO TAXPAYER 
              FAIRNESS FUND.

    (a) In General.--Subchapter A of chapter 61 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new part:

  ``PART IX--DESIGNATION OF OVERPAYMENTS AS CONTRIBUTIONS TO TAXPAYER 
                             FAIRNESS FUND

``Sec. 6097. Designation to Taxpayer Fairness Fund.

``SEC. 6097. DESIGNATION TO TAXPAYER FAIRNESS FUND.

    ``(a) In General.--Every individual (other than a nonresident 
alien) who is not a recipient of the Earned Income Tax Credit, the 
Child Tax Credit, or the American Opportunity Tax Credit and who makes 
a return of the tax imposed by subtitle A for any taxable year may 
designate that $5 of the amount of any overpayment of tax for such 
taxable year shall be paid over to the Taxpayer Fairness Fund in 
accordance with the provisions of section 9512. In the case of a joint 
return, each spouse may designate that $5 shall be paid to the fund.
    ``(b) Manner and Time of Designation.--A designation under 
subsection (a) may be made with respect to any taxable year--
            ``(1) at the time of filing the return of the tax imposed 
        by chapter 1 for such taxable year, or
            ``(2) at any other time (after the time of filing the 
        return of the tax imposed by chapter 1 for such taxable year) 
        specified in regulations prescribed by the Secretary.
Such designation shall be made in such manner as the Secretary 
prescribes by regulations except that such designation shall be made 
either on the first page of the return or on the page bearing the 
taxpayer's signature.
    ``(c) Overpayments Treated as Refunded.--For purposes of this 
title, any portion of an overpayment of tax designated under subsection 
(a) shall be treated as being refunded to the taxpayer as of the last 
date prescribed for filing the return of tax imposed by chapter 1 
(determined without regard to extensions).''.
    (b) Creation of Trust Fund.--Subchapter A of chapter 98 of such 
Code is amended by adding at the end the following new section:

``SEC. 9512. TAXPAYER FAIRNESS FUND.

    ``(a) Creation of Fund.--There is established in the Treasury of 
the United States a trust fund to be known as the `Taxpayer Fairness 
Fund' (hereinafter in this section referred to as `the fund'), 
consisting of such amounts as may be credited or paid to the fund as 
provided in section 6097.
    ``(b) Transfers to Fund.--There are hereby appropriated to the fund 
amounts equivalent to the amounts of the overpayments of tax to which 
designations under section 6097 apply.
    ``(c) Expenditures From Fund.--Amounts in the fund shall be made 
available, as appropriated, to the Internal Revenue Service for hiring, 
training, and employment of personnel for tax enforcement activities of 
the Internal Revenue Service to determine and collect owed taxes from--
            ``(1) individuals with annual income of $500,000 or more, 
        and
            ``(2) corporations with assets valued at $5 million or 
        more.''.
    (c) Clerical Amendments.--
            (1) The table of parts for subchapter A of chapter 61 of 
        such Code is amended by adding at the end the following new 
        item:

  ``Part IX. Designation of Overpayments as Contributions to Taxpayer 
                           Fairness Fund.''.

            (2) The table of sections for subchapter A of chapter 98 of 
        such Code is amended by adding at the end the following new 
        item:

``Sec. 9512. Taxpayer Fairness Fund.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
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