Don't Weaponize the IRS Act

Hozzl · 2023-12-15T16:00:26Z

Explore the details of House Bill 4622 Don't Weaponize the IRS Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:00 PM

Summary of Bill HR 4622

Bill 118 hr 4622, also known as the Don't Weaponize the IRS Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to prevent the Internal Revenue Service (IRS) from being used as a political tool to target individuals or groups based on their political beliefs.

The bill specifically prohibits the IRS from targeting individuals or groups for exercising their First Amendment rights, such as freedom of speech or association. It also prohibits the IRS from sharing taxpayer information with other government agencies for the purpose of targeting individuals or groups based on their political beliefs.

Additionally, the bill requires the IRS to report to Congress on any instances of potential political targeting within the agency. This reporting requirement is intended to increase transparency and accountability within the IRS. Overall, the Don't Weaponize the IRS Act aims to protect the rights of taxpayers and ensure that the IRS remains a neutral and non-partisan entity. Supporters of the bill argue that it is necessary to prevent government overreach and abuse of power, while opponents may argue that the bill is unnecessary or could hinder the IRS's ability to enforce tax laws effectively.

Congressional Summary of HR 4622

Don't Weaponize the IRS Act

This bill codifies regulations promulgated by the Trump Administration exempting certain tax-exempt organizations from specified reporting requirements. Specifically the bill

increases from $5,000 to $50,000 the gross receipts threshold used to determine the eligibility of tax-exempt organizations for the exemption from certain disclosure and reporting requirements;
expands the definition of organization to include tax-exempt charitable organizations and organizations with no significant activities relating to lobbying, political activity, and the operation of a trade or business;
exempts from disclosure the names and addresses of contributors to an organization in its annual informational return; and
extends exemptions from reporting requirements to political action committees (i.e., 527 organizations).

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Current Status of Bill HR 4622

Bill HR 4622 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4622 was introduced during Congress 118 and was introduced to the House on July 13, 2023. Bill HR 4622's most recent activity was Referred to the House Committee on Ways and Means. as of July 13, 2023

Bipartisan Support of Bill HR 4622

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 4622

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4622

Don't Weaponize the IRS Act

To amend the Internal Revenue Code of 1986 to codify the Trump administration rule on reporting requirements of exempt organizations, and for other purposes.