Refund Rights for Taxpayers Act

Bill: 115-hr-3223
Sponsor: full_name: Rep. Dunn, Neal P. [R-FL-2]
Introduced: 2017-07-13
Policy area: Taxation
Subjects: Income tax credits

Tax administration and collection, taxpayers
Latest action: action_date: 2017-07-13
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-07-13
action_desc: Introduced in House
text: <p><b>Refund Rights for Taxpayers Act </b></p> <p>This bill amends the Internal Revenue Code to: (1) extend the statute of limitations for making a claim for a credit or refund for the overpayment of any tax, and (2) shorten the statute of limitations for a collection after the assessment of any tax. </p> <p>(Under current law, the statute of limitations for making a claim for a credit or refund is three years from the time the return was filed or two years from the time the tax was paid, whichever period expires later. If no return was filed by the taxpayer, the limit is two years from the time the tax was paid.) The bill extends this limit to seven years from the later of the time the return was filed or the tax was paid or, if no return was filed, seven years from the time the tax was paid. </p> <p>With respect to the statute of limitations for a collection after the assessment of any tax, the bill decreases the limit from 10 years to 7 years after the assessment of the tax. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 3223 IN THE HOUSE OF REPRESENTATIVES July 13, 2017 Mr. Dunn (for himself, Mr. Jody B. Hice of Georgia , Mr. Donovan , Mr. Moolenaar , Mr. Faso , Mr. Roe of Tennessee , Mr. King of Iowa , Mr. Thomas J. Rooney of Florida , Mr. Wilson of South Carolina , and Mr. Ross ) 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 extend the statute of limitations on making a claim for credit or refund and shorten the statute of limitations on collection after assessment.

1. Short title This Act may be cited as the Refund Rights for Taxpayers Act . 2. Extension of statute of limitations on making claim for credit or refund (a) In general Section 6511(a) of the Internal Revenue Code of 1986 is amended by striking 3 years from the time the return was filed or 2 years from the time the tax was paid, whichever of such periods expires the later, or if no return was filed by the taxpayer, within 2 years from the time the tax was paid and inserting 7 years from the later of the time the return was filed or the tax was paid, or if no return was filed by the taxpayer, within 7 years from the time the tax was paid . (b) Conforming amendments (1) Section 6511(a) of such Code is amended by striking 3 years in the last sentence and inserting 7 years . (2) Section 6511(b)(2) of such Code is amended— (A) by striking 3-year period each place it appears in the heading and text of subparagraph (A) and inserting 7-year period , (B) by striking 3 years each place it appears in subparagraph (A) and inserting 7 years , and (C) by striking subparagraph (B) and redesignating subparagraph (C) as subparagraph (B). (3) Section 6511(d)(1) of such Code is amended— (A) by striking Seven-year in the heading and inserting Special , and (B) by striking 3-year period and inserting 7-year period . (4) Section 6511(d)(2)(A) of such Code is amended— (A) by striking 3-year period and inserting 7-year period , and (B) by striking 3 years and inserting 7 years . (5) Section 6511(d)(3)(A) of such Code is amended by striking 3-year period and inserting 7-year period . (6) Section 6511(d)(4)(A) of such Code is amended— (A) by striking 3-year period and inserting 7-year period , and (B) by striking 3 years each place it appears and inserting 7 years . (7) Section 6511(d)(5) of such Code is amended by striking second year and inserting seventh year . (8) Section 6511(d)(6) of such Code is amended by striking one year and inserting 7 years . (9) Section 6511(d)(7) of such Code is amended by striking second year and inserting seventh year . (10) Section 6511(d)(8) of such Code is amended— (A) in subparagraph (A)— (i) by striking 3-year period and inserting 7-year period , and (ii) by striking 1-year period and inserting 7-year period , and (B) in subparagraph (B)— (i) by striking 5 taxable years in the heading and inserting 7 taxable years , and (ii) by striking 5 years and inserting 7 years . (c) Effective date The amendments made by this section shall apply to claims for credit or refund filed after the date of the enactment of this Act. 3. Shortening of statute of limitations on collection after assessment (a) In general Section 6502(a) of the Internal Revenue Code of 1986 is amended— (1) by striking 10 years in paragraph (1) and inserting 7 years , and (2) by striking 10-year period in paragraph (2)(B) and inserting 7-year period . (b) Effective date The amendments made by this section shall apply levies made, and proceedings begun, after the date of the enactment of this Act.