Presidential Tax Transparency Act

House Bill 908 - Presidential Tax Transparency Act: Overview, Status, and Impact

Hozzl · 2024-01-18T06:03:49Z

Explore the details of House Bill 908 Presidential Tax Transparency 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, 6:03 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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 908

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 908

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.