IRS Funding Accountability Act

Hozzl · 2024-01-18T06:04:31Z

Explore the details of House Bill 888 IRS Funding Accountability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/18/2024, 6:04 AM

Congressional Summary of HR 888

IRS Funding Accountability Act

This bill delays for a 60-day period funding for the Internal Revenue Service (IRS) enforcement activities enacted by the Inflation Reduction Act of 2022 (except for eliminating return processing backlogs and reducing call wait times) until an annual spending plan for such activities is submitted to the congressional tax and appropriation committees. Congress may enact a joint resolution of disapproval of the spending plan before the end of the 60-day period requiring the IRS to submit a new spending plan.

The IRS and the Department of the Treasury must make quarterly reports to the committees on expenditures for enforcement activities. The bill requires reductions in IRS appropriations for any failure to submit required reports.

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Current Status of Bill HR 888

Bill HR 888 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 888 was introduced during Congress 118 and was introduced to the House on February 9, 2023. Bill HR 888's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of February 9, 2023

Bipartisan Support of Bill HR 888

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 888

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 888

To provide accountability for funding provided to the Internal Revenue Service and the Department of the Treasury under Public Law 117-169.IRS Funding Accountability ActIRS Funding Accountability Act

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