Spend It At Home Act

Bill: 118-hr-8320
Sponsor: full_name: Rep. Nehls, Troy E. [R-TX-22]
Introduced: 2024-05-08
Policy area: Taxation
Latest action: action_date: 2024-05-08
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 8320 IN THE HOUSE OF REPRESENTATIVES May 8, 2024 Mr. Nehls (for himself and Mr. Moore of Alabama ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To allow taxpayers to indicate whether the Federal income taxes they pay should be used for domestic or international purposes, to rescind certain balances made available to the Internal Revenue Service, and for other purposes.

1. Short title This Act may be cited as the Spend It At Home Act . 2. Taxpayer determination of whether Federal income taxes should be used for domestic or international purposes (a) In general The Secretary of the Treasury shall ensure that each Federal income tax form includes a provision that allows the taxpayer to indicate whether the Federal income taxes paid by the taxpayer with respect to the taxable year to which such tax form relates should be used by the Federal Government for— (1) domestic purposes, or (2) international purposes. (b) Public reporting of information The Secretary of the Treasury shall annually make publicly available the following information obtained pursuant to subsection (a) with respect to taxable years beginning in each calendar year: (1) The aggregate amount of Federal income taxes that taxpayers indicated should be used for purposes described in paragraph (1) or (2) of subsection (a) (stated separately for each such paragraph). (2) The aggregate number of taxpayers (determined by treated joint returns as 2 taxpayers) who indicated that their Federal income taxes should be used for the purposes described in paragraph (1) or (2) of subsection (a) (stated separately for each such paragraph). 3. Rescission of certain balances made available to the Internal Revenue Service The unobligated balances of amounts appropriated or otherwise made available for activities of the Internal Revenue Service by paragraphs (1)(A)(ii), (1)(A)(iii), (1)(B), (2), (3), (4), and (5) of section 10301 of Public Law 117–169 (commonly known as the “Inflation Reduction Act of 2022”) as of the date of the enactment of this Act are rescinded.