Reward Incentive Granted to Honest Taxpayers Act

Summary

Reward Incentive Granted to Honest Taxpayers Act - Amends the Internal Revenue Code to establish the Tax Amnesty Revenues Trust Fund in the Treasury. Transfers to the Trust Fund amounts received pursuant to any Federal tax amnesty program. Directs the Secretary of the Treasury to pay individuals from the Tax Amnesty Revenues Trust Fund a portion of any audit adjustments made by the Internal Revenue Service. Prohibits such payments where any part of the underpayment of tax is due to intentional disregard of rules or regulations or fraud. Requires all such payments to be paid only out of the Trust Fund.

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1 official file

• Introduced in House

  summary · EN · 20 March 1986

  Open at official source

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