Ask AI
Bill117th CongressFiled Dec 21, 2022Taxation
H.R. 9640

Presidential Tax Filings and Audit Transparency Act of 2022

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house (Dec 22, 2022)

Presidential Tax Filings and Audit Transparency Act of 2022

This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed.

The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns.

The bill provides criteria for approving a request for an extension of the filing of a tax return and for failing to file a return within the required time period.

The bill defines Presidential income tax return as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.

What just happenedDec 22, 2022

Received in the Senate.

Who’s behind it

Rep. Neal, Richard E. [D-MA-1](D-MA)Sponsor
24 cosponsors24 D
Read on Congress.gov
24cosponsors1committees15actions1related bills5subjects
  1. Dec 22, 2022IntroReferral

    Received in the Senate.

  2. Dec 22, 2022FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 22, 2022FloorH37100

    On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539). (text: CR H9990-9992)

  4. Dec 22, 2022Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539).

  5. Dec 22, 2022FloorH30000

    Considered as unfinished business. (consideration: CR H10029-10030)

  6. Dec 22, 2022FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 9640, the Chair put the question on passage and by voice vote, announced that the ayes had prevailed. Mr. Brady demanded the yeas and nays and the Chair postponed further proceedings on passage until a time to be announced.

  7. Dec 22, 2022FloorH35000

    The previous question was ordered pursuant to the rule.

  8. Dec 22, 2022FloorH8D000

    DEBATE - The House continued with debate on H.R. 9640.

  9. Dec 22, 2022FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 9640.

  10. Dec 22, 2022FloorH8D000

    Rule provides for consideration of H.R. 9640 and S. 1942. Measure will be considered read. Bill is closed to amendments. Rule provides for one hour of debate on each measure. Also provides for a motion to recommit H.R. 9640 and a motion to commit S. 1942. H. Res. 693 and H. Res. 1434 are adopted. Provides for the Majority Leader or a designee that the House suspend the rules as though under clause 1 of rule XV with respect to multile measures.

  11. Dec 22, 2022FloorH30000

    Considered under the provisions of rule H. Res. 1529. (consideration: CR H9990-10002)

  12. Dec 21, 2022FloorH1L210

    Rules Committee Resolution H. Res. 1529 Reported to House. Rule provides for consideration of H.R. 9640 and S. 1942. Measure will be considered read. Bill is closed to amendments. Rule provides for one hour of debate on each measure. Also provides for a motion to recommit H.R. 9640 and a motion to commit S. 1942. H. Res. 693 and H. Res. 1434 are adopted. Provides for the Majority Leader or a designee that the House suspend the rules as though under clause 1 of rule XV with respect to multile measures.

  13. Dec 21, 2022IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  14. Dec 21, 2022IntroReferralIntro-H

    Introduced in House

  15. Dec 21, 2022IntroReferral1000

    Introduced in House

Passed HouseDec 22, 202253

Presidential Tax Filings and Audit Transparency Act of 2022

This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed.

The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns.

The bill provides criteria for approving a request for an extension of the filing of a tax return and for failing to file a return within the required time period.

The bill defines Presidential income tax return as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.

Introduced in HouseDec 21, 2022

Presidential Tax Filings and Audit Transparency Act of 2022

This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed.

The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns.

The bill defines Presidential income tax return as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.

Presidential Tax Filings and Audit Transparency Act of 2022 — Informed