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Presidential Tax Transparency Act
1/18/2024, 6:03 AM
Congressional Summary of HR 908
Presidential Tax Transparency Act
This bill requires the President, the Vice President, and certain candidates for President and Vice President to disclose federal income tax returns for the ten most recent taxable years.
The returns must be disclosed to the Federal Election Commission (FEC), which must make the returns publicly available after redacting information that is necessary for protecting against identity theft, such as Social Security numbers.
If the tax returns are not disclosed to the FEC as required by this bill, the Internal Revenue Service must provide the returns to the FEC upon receiving a written request from the FEC.
Read the Full Bill
Current Status of Bill HR 908
Bill HR 908 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 908 was introduced during Congress 118 and was introduced to the House on February 9, 2023. Bill HR 908's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, 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 908
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
38Democrat Cosponsors
38Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 908
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 908
Presidential Tax Transparency Act
Presidential Tax Transparency Act
To amend the Internal Revenue Code of 1986 to require the disclosure of tax returns of Presidents and Vice Presidents and certain candidates for President and Vice President, and for other purposes.
Comments
Sponsors and Cosponsors of HR 908
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