A bill to amend the Internal Revenue Code of 1954 to restrict the authority for inspection of tax returns and the disclosure of information contained therein.

Summary

Provides that tax returns are confidential, and, therefore, are not open to inspection, and that information contained in them shall not be disclosed. Permits, under regulations established by the Commissioner of the Internal Revenue Service, the inspection of tax returns by the taxpayer, the Internal Revenue Service, the Justice Department, State tax authorities, the President, and the Joint Committee on Internal Revenue Taxation. Requires a report to the Joint Committee of returns inspected and by whom inspected. Establishes criminal penalties for unauthorized disclosure or receipt of tax return information.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 11 September 1974

  Open at official source

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