A bill to prevent the use of additional Internal Revenue Service funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80,000,000,000, infusion of new funds.

12/15/2023, 4:05 PM

This bill prohibits the Internal Revenue Service from using the additional funding for enforcement activities provided by the Inflation Reduction Act of 2022 to conduct audits of taxpayers with taxable incomes below $400,000.

Bill 118 s 398 aims to prevent the Internal Revenue Service (IRS) from using additional funds for audits of taxpayers with taxable incomes below $400,000. The bill is designed to protect low- and middle-income earning American taxpayers from facing audits by the IRS. The bill highlights concerns about the potential for an increase in audits due to a significant increase in funding for the IRS, totaling nearly $80 billion. The bill seeks to ensure that taxpayers with lower incomes are not unfairly targeted for audits and aims to provide a level of protection for these individuals.
Congress
118

Number
S - 398

Introduced on
2023-02-14

# Amendments
0

Sponsors
+5

Cosponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill prohibits the Internal Revenue Service from using the additional funding for enforcement activities provided by the Inflation Reduction Act of 2022 to conduct audits of taxpayers with taxable incomes below $400,000.

Bill 118 s 398 aims to prevent the Internal Revenue Service (IRS) from using additional funds for audits of taxpayers with taxable incomes below $400,000. The bill is designed to protect low- and middle-income earning American taxpayers from facing audits by the IRS. The bill highlights concerns about the potential for an increase in audits due to a significant increase in funding for the IRS, totaling nearly $80 billion. The bill seeks to ensure that taxpayers with lower incomes are not unfairly targeted for audits and aims to provide a level of protection for these individuals.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/23/2023

This bill prohibits the Internal Revenue Service from using the additional funding for enforcement activities provided by the Inflation Reduction Act of 2022 to conduct audits of taxpayers with taxable incomes below $400,000.


Latest Action2/14/2023
Read twice and referred to the Committee on Finance.