Simple Functions
LEGISLATION/H.R. 9640

Presidential Tax Filings and Audit Transparency Act of 2022

117-HR-9640117th CongressIntroduced Dec 21, 2022Taxation
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate.

Sponsor

Rep. Neal, Richard E. [D-MA-1](D-MA-1)
24 cosponsors

Summary

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.

Subjects

Family relationshipsGovernment ethics and transparency, public corruptionGovernment information and archivesPresidents and presidential powers, Vice PresidentsTax administration and collection, taxpayers

Actions (15)

Received in the Senate.
Dec 22, 2022Senate
Motion to reconsider laid on the table Agreed to without objection.
Dec 22, 2022House floor actions
On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539). (text: CR H9990-9992)
Dec 22, 2022House floor actionsRECORDED VOTE
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 222 - 201 (Roll no. 539).
Dec 22, 2022Library of CongressRECORDED VOTE
Considered as unfinished business. (consideration: CR H10029-10030)
Dec 22, 2022House floor actions
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.
Dec 22, 2022House floor actions
The previous question was ordered pursuant to the rule.
Dec 22, 2022House floor actions
DEBATE - The House continued with debate on H.R. 9640.
Dec 22, 2022House floor actions
DEBATE - The House proceeded with one hour of debate on H.R. 9640.
Dec 22, 2022House floor actions
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.
Dec 22, 2022House floor actions
Considered under the provisions of rule H. Res. 1529. (consideration: CR H9990-10002)
Dec 22, 2022House floor actions
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.
Dec 21, 2022House floor actions
Referred to the House Committee on Ways and Means.
Dec 21, 2022House floor actions
Introduced in House
Dec 21, 2022Library of Congress
Introduced in House
Dec 21, 2022Library of Congress
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