To require the Secretary of the Treasury to establish a program for the automated disclosure of taxpayer information for third-party income verification, and for other purposes.

Summary

This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable. The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application. In implementing the program, the IRS must (1) ensure that the program complies with applicable security standards and guidelines; and (2) assess and collect a fee for the disclosures at rates that are sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 April 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 April 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 April 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 April 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 April 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 1 April 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Taxpayer First Act of 2019
• related to → Great American Outdoors Act
• related to ← A bill to institute a program for the disclosure of taxpayer information for third-party income verification through the Internet.
• related to ← Taxpayer First Act