Family and Small Business Taxpayer Protection Act
12/15/2023, 3:53 PMSummary of Bill HR 23
Bill 118 hr 23, also known as the Family and Small Business Taxpayer Protection Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide tax relief and protection for families and small businesses.One key provision of the bill is the reduction of taxes for families and small businesses. This includes lowering income tax rates, increasing the child tax credit, and providing tax incentives for small businesses to invest and grow. The bill also aims to simplify the tax code, making it easier for individuals and businesses to file their taxes.
Another important aspect of the Family and Small Business Taxpayer Protection Act is the implementation of measures to prevent tax fraud and abuse. This includes increasing penalties for tax evasion and improving the IRS's ability to detect and prosecute fraudulent activity. Overall, the bill seeks to support families and small businesses by reducing their tax burden, simplifying the tax code, and cracking down on tax fraud. It is currently being debated in Congress, with supporters arguing that it will stimulate economic growth and create a more fair tax system, while opponents raise concerns about the potential impact on government revenue and the distribution of tax benefits.
Congressional Summary of HR 23
Family and Small Business Taxpayer Protection Act
This bill rescinds certain unobligated amounts made available to the Internal Revenue Service by the Inflation Reduction Act of 2022 for (1) its enforcement activities and operations support, (2) the efile tax return system, and (3) funding the U.S. Tax Court and certain Department of the Treasury tax agencies.
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Current Status of Bill HR 23
Bill HR 23 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 23 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 23's most recent activity was Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1. as of January 25, 2023Bipartisan Support of Bill HR 23
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
164Democrat Cosponsors
0Republican Cosponsors
164Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 23
Primary Policy Focus
TaxationPotential Impact Areas
AppropriationsComputers and information technologyInternal Revenue Service (IRS)Specialized courtsTax administration and collection, taxpayersAlternate Title(s) of Bill HR 23
Family and Small Business Taxpayer Protection ActFamily and Small Business Taxpayer Protection ActFamily and Small Business Taxpayer Protection ActTo rescind certain balances made available to the Internal Revenue Service.Comments
Most relevant
Sponsors and Cosponsors of HR 23
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