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To amend the Internal Revenue Code of 1986 to provide for reporting by certain investors with respect to certain specified medical care providers.

8/10/2022, 11:27 PM

Congressional Summary of HR 5825

This bill imposes a new reporting requirement under the Internal Revenue Code for certain investors with respect to certain specified medical care providers. Such investors must electronically file a separate annual return with respect to each medical care provider that contains information relating to gross receipts, real estate ownership, and other payments to related persons. The bill imposes a penalty on investors for failing to file complete and correct returns.

Current Status of Bill HR 5825

Bill HR 5825 is currently in the status of Bill Introduced since February 10, 2020. Bill HR 5825 was introduced during Congress 116 and was introduced to the House on February 10, 2020.  Bill HR 5825's most recent activity was Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. as of February 12, 2020

Bipartisan Support of Bill HR 5825

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5825

Primary Policy Focus

Taxation

Potential Impact Areas

- Business records
- Civil actions and liability
- Financial services and investments
- Health personnel

Alternate Title(s) of Bill HR 5825

To amend the Internal Revenue Code of 1986 to provide for reporting by certain investors with respect to certain specified medical care providers.
To amend the Internal Revenue Code of 1986 to provide for reporting by certain investors with respect to certain specified medical care providers.

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