Presidential Tax Filings and Audit Transparency Act of 2022

Bill: 117-hr-9640
Sponsor: Rep. Neal, Richard E. [D-MA-1]
Introduced: 2022-12-21 in the House
Policy area: Taxation
Subjects: Family relationships
Government ethics and transparency, public corruption
Government information and archives
Presidents and presidential powers, Vice Presidents
Tax administration and collection, taxpayers

Summary:
action_date: 2022-12-21
text: 
 
Presidential Tax Filings and Audit Transparency Act of 2022 

 
This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed.
 
The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns. 
 
The bill defines
 Presidential income tax return
 as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.

action_date: 2022-12-22
text: 

Presidential Tax Filings and Audit Transparency Act of 2022 

 
This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed.
 
The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns. 
 
The bill provides criteria for approving a request for an extension of the filing of a tax return and for failing to file a return within the required time period.
 
The bill defines
 Presidential income tax return
 as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.


Legislative actions:
action_date: 2022-12-22
text: Received in the Senate.
action_date: 2022-12-22
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2022-12-22
text: On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539). (text: CR H9990-9992)
action_date: 2022-12-22
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539).
action_date: 2022-12-22
text: Considered as unfinished business. (consideration: CR H10029-10030)
action_date: 2022-12-22
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 9640, the Chair put the question on passage and by voice vote, announced that the ayes had prevailed. Mr. Brady demanded the yeas and nays and the Chair postponed further proceedings on passage until a time to be announced.
action_date: 2022-12-22
text: The previous question was ordered pursuant to the rule.
action_date: 2022-12-22
text: DEBATE - The House continued with debate on H.R. 9640.
action_date: 2022-12-22
text: DEBATE - The House proceeded with one hour of debate on H.R. 9640.
action_date: 2022-12-22
text: Rule provides for consideration of H.R. 9640 and S. 1942. Measure will be considered read. Bill is closed to amendments. Rule provides for one hour of debate on each measure. Also provides for a motion to recommit H.R. 9640 and a motion to commit S. 1942. H. Res. 693 and H. Res. 1434 are adopted. Provides for the Majority Leader or a designee that the House suspend the rules as though under clause 1 of rule XV with respect to multile measures.
action_date: 2022-12-22
text: Considered under the provisions of rule H. Res. 1529. (consideration: CR H9990-10002)
action_date: 2022-12-21
text: Rules Committee Resolution H. Res. 1529 Reported to House. Rule provides for consideration of H.R. 9640 and S. 1942. Measure will be considered read. Bill is closed to amendments. Rule provides for one hour of debate on each measure. Also provides for a motion to recommit H.R. 9640 and a motion to commit S. 1942. H. Res. 693 and H. Res. 1434 are adopted. Provides for the Majority Leader or a designee that the House suspend the rules as though under clause 1 of rule XV with respect to multile measures.
action_date: 2022-12-21
text: Referred to the House Committee on Ways and Means.
action_date: 2022-12-21
text: Introduced in House
action_date: 2022-12-21
text: Introduced in House