To rescind certain balances made available to the Internal Revenue Service.

1/10/2025, 9:05 AM
Congress
119
Number
HR - 196
Introduced on
2025-01-03
# Amendments
0
Sponsors
+5
Cosponsors
+5

Related

Member:  
Julia Letlow
Member:  
Mike Kelly
Member:  
Glenn Grothman
Member:  
Richard Hudson
Member:  
Beth Van Duyne
Member:  
Daniel Meuser
Member:  
H. Morgan Griffith
Member:  
Nicholas A. Langworthy
Member:  
Darin LaHood
Member:  
Mike Bost
Member:  
Vern Buchanan
Committee:  
Ways and Means

Status of Legislation

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

Purpose and Summary

Family and Small Business Taxpayer Protection Act

This bill rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 to the Internal Revenue Service (IRS) for enforcement activities related to the determination and collection of taxes, for operations support for taxpayer services and enforcement activities, and for a task force to research options for a free, direct electronic filing (e-filing) tax return system. 

The bill also rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 for expenses of the

  • Treasury Inspector General for Tax Administration,
  • Office of Tax Policy,
  • U.S. Tax Court, and
  • offices within the Department of the Treasury that provide oversight and support for the IRS.

 

Bill 119 HR 196, also known as the "Rescinding IRS Balances Act," aims to revoke certain funds that were allocated to the Internal Revenue Service (IRS). The bill was introduced in the House of Representatives and is currently under consideration.

The purpose of this legislation is to address concerns about the IRS's use of funds and ensure that taxpayer money is being spent efficiently and effectively. By rescinding these balances, the bill seeks to hold the IRS accountable for its financial management and promote transparency in government spending.

If passed, Bill 119 HR 196 would require the IRS to return the specified balances to the Treasury Department, where they would be reallocated for other purposes. This measure is intended to prevent wasteful spending and promote fiscal responsibility within the IRS. Overall, the Rescinding IRS Balances Act is a straightforward piece of legislation that aims to address financial accountability within the IRS. It is important for Congress to carefully consider the implications of this bill and ensure that taxpayer dollars are being used responsibly.
Alternative Names
Official Title as IntroducedTo rescind certain balances made available to the Internal Revenue Service.

Comments

Recent Activity

Latest Summary2/21/2025

Family and Small Business Taxpayer Protection Act

This bill rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 to the Internal Revenue Service (IRS) for enforcement activities related to th...

Latest Action1/3/2025
Referred to the House Committee on Ways and Means.