Taxpayer Receipt Act

Bill: 117-s-1706
Sponsor: full_name: Sen. Braun, Mike [R-IN]
Introduced: 2021-05-19
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Government information and archives

Tax administration and collection, taxpayers
Latest action: action_date: 2021-05-19
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2021-05-19
action_desc: Introduced in Senate
text: <p><strong>Taxpayer Receipt Act</strong></p> <p>This bill requires the Department of the Treasury to provide taxpayers with a one-page document that contains information regarding the federal budget for the most recently completed fiscal year. The document must include total outlays during the year, total revenues collected during the year, the deficit or surplus for the year, and the total debt held by the public. </p>

tv_txt: II 117th CONGRESS 1st Session S. 1706 IN THE SENATE OF THE UNITED STATES May 19, 2021 Mr. Braun (for himself, Mr. Scott of Florida , Ms. Lummis , and Mr. Tillis ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To require the Secretary of the Treasury to provide taxpayers with information regarding the Federal budget.

1. Short title This Act may be cited as the Taxpayer Receipt Act . 2. Information regarding the Federal budget The Secretary of the Treasury, or the Secretary’s delegate, shall provide, to each individual filing a Federal income tax return for a taxable year, a one-page document which contains, with respect to the most recently completed fiscal year— (1) total Federal outlays during such year; (2) total Federal revenues collected during such year; (3) the Federal deficit or surplus for such year; and (4) the total Federal debt held by the public.