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To amend the Internal Revenue Code of 1986 to allow the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics for certain statistical purposes.
12/21/2024, 9:05 AM
Summary of Bill HR 10546
Bill 118 hr 10546, also known as the Business Tax Return Information Disclosure Act, aims to amend the Internal Revenue Code of 1986 to allow for the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics. This disclosure would be for specific statistical purposes related to economic and labor data.
The bill seeks to provide these federal agencies with access to relevant business tax return information in order to improve the accuracy and reliability of their statistical analyses. By allowing for the sharing of this data, the government hopes to better understand and track trends in the economy and labor market, ultimately leading to more informed policy decisions.
It is important to note that the disclosure of this information would be limited to specific statistical purposes and would not compromise the confidentiality of individual businesses' tax returns. The bill includes safeguards to protect the privacy and sensitive information of taxpayers. Overall, the Business Tax Return Information Disclosure Act aims to enhance the quality of economic and labor statistics by allowing for the sharing of certain business tax return information with the Bureau of Economic Analysis and the Bureau of Labor Statistics.
The bill seeks to provide these federal agencies with access to relevant business tax return information in order to improve the accuracy and reliability of their statistical analyses. By allowing for the sharing of this data, the government hopes to better understand and track trends in the economy and labor market, ultimately leading to more informed policy decisions.
It is important to note that the disclosure of this information would be limited to specific statistical purposes and would not compromise the confidentiality of individual businesses' tax returns. The bill includes safeguards to protect the privacy and sensitive information of taxpayers. Overall, the Business Tax Return Information Disclosure Act aims to enhance the quality of economic and labor statistics by allowing for the sharing of certain business tax return information with the Bureau of Economic Analysis and the Bureau of Labor Statistics.
Current Status of Bill HR 10546
Bill HR 10546 is currently in the status of Bill Introduced since December 20, 2024. Bill HR 10546 was introduced during Congress 118 and was introduced to the House on December 20, 2024. Bill HR 10546's most recent activity was Referred to the House Committee on Ways and Means. as of December 20, 2024
Bipartisan Support of Bill HR 10546
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10546
Primary Policy Focus
Alternate Title(s) of Bill HR 10546
To amend the Internal Revenue Code of 1986 to allow the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics for certain statistical purposes.
To amend the Internal Revenue Code of 1986 to allow the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics for certain statistical purposes.
Comments
Sponsors and Cosponsors of HR 10546
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