Simplify, Don’t Amplify the IRS Act

Bill: 117-hr-7485
Sponsor: Rep. Rice, Tom [R-SC-7]
Introduced: 2022-04-07 in the House
Policy area: Taxation
Subjects: Accounting and auditing
Appropriations
Bank accounts, deposits, capital
Cardiovascular and respiratory health
Computers and information technology
Congressional oversight
Criminal procedure and sentencing
Department of the Treasury
Elections, voting, political campaign regulation
Emergency medical services and trauma care
Employee hiring
Employee performance
Evidence and witnesses
Executive agency funding and structure
First Amendment rights
Government employee pay, benefits, personnel management
Government ethics and transparency, public corruption
Government information and archives
Government studies and investigations
Income tax credits
Income tax deductions
Income tax rates
Infectious and parasitic diseases
Internal Revenue Service (IRS)
Labor-management relations
Political movements and philosophies
Right of privacy
Social work, volunteer service, charitable organizations
State and local finance
State and local government operations
State and local taxation
Tax administration and collection, taxpayers
Tax-exempt organizations
U.S. territories and protectorates

Summary:
action_date: 2022-04-07
text: 

Simplify, Don't Amplify the IRS Act

 
This bill limits Internal Revenue Service (IRS) enforcement authority and modifies certain IRS reporting requirements. It also eliminates certain restrictions on the use of coronavirus recovery funds. 
 
Among other provisions, the bill 
 
 
 increases the gross receipts reporting threshold for certain religious and charitable organizations from $5,000 to $50,000;
 
 generally increases penalties for unauthorized disclosure of taxpayer information and for such disclosures by tax return preparers;
 
requires the IRS to establish a fellowship program to recruit private sector tax experts to create a task force to, among other things, educate IRS employees on emerging issues, perform audits, and address offshore tax evasion; and 
 
 sets forth provisions for reducing improper payments to taxpayers. 
 
 
The bill also requires the IRS to report annually on the tax gap estimate for the most recent taxable year. The IRS must use artificial intelligence to calculate an estimate of the tax gap. The bill defines 
tax gap
 as the difference between tax liabilities owed to the United States and those liabilities actually collected. 
 
The bill restricts funding for IRS audits and enforcement until the IRS publishes an updated tax gap projection.


Legislative actions:
action_date: 2022-04-07
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-04-07
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-04-07
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-04-07
text: Introduced in House
action_date: 2022-04-07
text: Introduced in House