Ditto Act of 2016

Bill: 114-hr-4921
Sponsor: full_name: Rep. Walker, Mark [R-NC-6]
Introduced: 2016-04-13
Policy area: Taxation
Subjects: Department of the Treasury

Government information and archives

Internal Revenue Service (IRS)

Tax administration and collection, taxpayers
Latest action: action_date: 2016-06-21
text: Placed on the Union Calendar, Calendar No. 494.

Summaries:
action_date: 2016-04-13
action_desc: Introduced in House
text: <p><b>Ditto Act of 2016 </b></p> <p>This bill requires the Internal Revenue Service (IRS) to maintain preserved records for at least three years after obtaining the record. A preserved record is any record maintained by a person other than the federal government pursuant to a rule, guidance, or other directive from the IRS recommending or requiring that the person maintain records for a particular period of time on a particular matter. </p>

action_date: 2016-06-21
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Ditto Act of 2016 </b></p> <p>(Sec. 2) This bill requires the Internal Revenue Service (IRS) to maintain preserved records for at least three years after obtaining the record. A preserved record is any record maintained by a person other than the federal government pursuant to a rule, guidance, or other directive from the IRS recommending or requiring that the person maintain records for a particular period of time on a particular matter. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4921 IN THE HOUSE OF REPRESENTATIVES April 13, 2016 Mr. Walker introduced the following bill; which was referred to the Committee on Oversight and Government Reform A BILL To amend chapter 31 of title 44, United States Code, to require the maintenance of certain records for 3 years, and for other purposes.

1. Short title This Act may be cited as the Ditto Act of 2016 . 2. Requirement to maintain records (a) Amendment Chapter 31 of title 44, United States Code, is amended by adding at the end the following new section: 3108. Requirement to maintain records (a) In general If the Internal Revenue Service obtains a preserved record, the Internal Revenue Service shall preserve for not less than 3 years from the date on which the record was obtained— (1) the preserved record or a copy of the preserved record; and (2) all records related to the preserved record. (b) Preserved record defined In this section, the term preserved record means any record that is maintained by a person other than the Federal Government pursuant to a rule, guidance, or other directive from the Internal Revenue Service that requires or recommends the person maintain records for a particular period of time on a particular matter. (c) Rule of construction Nothing in this section shall be construed as— (1) limiting the preservation of a preserved record for a longer period of time than is required by this section; or (2) shortening the period of time a preserved record is otherwise required to be maintained. . (b) Technical and conforming amendment The table of sections for chapter 31 of title 44, United States Code, is amended by adding at the end the following new item: 3108. Requirement to maintain records. . (c) Effective date; applicability The amendments made by this section shall take effect as of the date of the enactment of this Act and shall apply with respect to any preserved record (as such term is defined in section 3108(b) of title 44, United States Code, as added by subsection (a)) obtained on or after the effective date.

tv_txt: IB Union Calendar No. 494 114th CONGRESS 2d Session H. R. 4921 [Report No. 114–636] IN THE HOUSE OF REPRESENTATIVES April 13, 2016 Mr. Walker introduced the following bill; which was referred to the Committee on Oversight and Government Reform June 21, 2016 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend chapter 31 of title 44, United States Code, to require the maintenance of certain records for 3 years, and for other purposes.

1. Short title This Act may be cited as the Ditto Act of 2016 . 2. Requirement to maintain records (a) Amendment Chapter 31 of title 44, United States Code, is amended by adding at the end the following new section: 3108. Requirement to maintain records (a) In general If the Internal Revenue Service obtains a preserved record, the Internal Revenue Service shall preserve for not less than 3 years from the date on which the record was obtained— (1) the preserved record or a copy of the preserved record; and (2) all records related to the preserved record. (b) Preserved record defined In this section, the term preserved record means any record that is maintained by a person other than the Federal Government pursuant to a rule, guidance, or other directive from the Internal Revenue Service that requires or recommends the person maintain records for a particular period of time on a particular matter. (c) Rule of construction Nothing in this section shall be construed as— (1) limiting the preservation of a preserved record for a longer period of time than is required by this section; or (2) shortening the period of time a preserved record is otherwise required to be maintained. . (b) Technical and conforming amendment The table of sections for chapter 31 of title 44, United States Code, is amended by adding at the end the following new item: 3108. Requirement to maintain records. . (c) Effective date; applicability The amendments made by this section shall take effect as of the date of the enactment of this Act and shall apply with respect to any preserved record (as such term is defined in section 3108(b) of title 44, United States Code, as added by subsection (a)) obtained on or after the effective date.

June 21, 2016 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed