Payer State Transparency Act of 2014

Bill: 113-hr-5588
Sponsor: full_name: Rep. Foster, Bill [D-IL-11]
Introduced: 2014-09-18
Policy area: Taxation
Subjects: Accounting and auditing

Congressional oversight

Government information and archives

Government studies and investigations

Intergovernmental relations

State and local finance

Tax administration and collection, taxpayers
Latest action: action_date: 2014-09-18
text: Referred to the House Committee on Oversight and Government Reform.

Summaries:
action_date: 2014-09-18
action_desc: Introduced in House
text: <p>Payer State Transparency Act of 2014 - Directs: (1) the Director of the Bureau of Economic Analysis of the Department of Commerce to calculate the federal tax burden of each state for each fiscal year,&nbsp;(2) the Director of the Office of Management and Budget (OMB) to calculate the total amount of federal outlays received by each state in each fiscal year, and (3) the Secretary of Commerce and the OMB Director to jointly report to Congress&nbsp;on the results of such calculations and publish such report on the publicly accessible website of the Bureau of Economic Analysis. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5588 IN THE HOUSE OF REPRESENTATIVES September 18, 2014 Mr. Foster introduced the following bill; which was referred to the Committee on Oversight and Government Reform A BILL To assess the State by State impact of Federal taxation and spending.

1. Short Title This Act may be cited as the Payer State Transparency Act of 2014 . 2. Calculation of Federal Tax Burdens and Outlays (a) State by State Calculation of Federal tax burdens (1) In General The Secretary of Commerce, acting through the Director of the Bureau of Economic Analysis, shall calculate the Federal tax burden of each State for each fiscal year. (2) Calculation of Federal tax burden For purposes of calculating the Federal tax burden of each State under paragraph (1), the Secretary shall— (A) account for variations in monthly Federal tax receipts from each State; and (B) treat Federal taxes paid by an individual as a burden on the State in which such individual resides and treat Federal taxes paid by a legal business entity as a burden on the State in which the primary economic activity of such entity is performed. (b) State by State Calculation of Federal Outlays (1) In General The Director of the Office of Management and Budget, in coordination with the Council of Economic Advisers and the Secretary of the Treasury, shall calculate the total amount of Federal outlays received by each State in each fiscal year. (2) Treatment of Contract Awards For purposes of calculating the amount of Federal outlays received by a State under paragraph (1), a Federal contract award shall be treated as a Federal outlay received by the State in which the primary performance under the award takes place. (c) State Defined In this section the term State means each of the several States. 3. Joint Report Not later than the date that is 90 days after the first day of each fiscal year beginning after the date of the enactment of this Act the Secretary of Commerce and the Director of the Office of Management and Budget shall— (1) jointly submit to Congress a report containing the results of the calculations described in section 2 with respect to the previous fiscal year; and (2) publish the report on a publicly accessible website of the Bureau of Economic Analysis.