Don't Weaponize the IRS Act

Hozzl · 2023-12-15T16:07:00Z

Explore the details of Senate Bill 1105 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, 4:07 PM

Summary of Bill S 1105

Bill 118 s 1105, also known as the Don't Weaponize the IRS Act, is a piece of legislation currently being considered by the US Congress. The main 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 requires the IRS to provide clear and specific reasons for any audits or investigations conducted on taxpayers, in order to prevent any potential abuse of power.

Additionally, the Don't Weaponize the IRS Act includes provisions to increase transparency and accountability within the IRS. This includes requiring the IRS to report to Congress on any investigations or audits conducted on taxpayers, as well as implementing safeguards to prevent any future misuse of taxpayer information. Overall, the goal of Bill 118 s 1105 is to ensure that the IRS remains a neutral and non-partisan entity, and to protect the rights of taxpayers from being unfairly targeted for their political beliefs. The bill has received bipartisan support in Congress and is currently being reviewed by the appropriate committees for further consideration.

Congressional Summary of S 1105

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 S 1105

Bill S 1105 is currently in the status of Bill Introduced since March 30, 2023. Bill S 1105 was introduced during Congress 118 and was introduced to the Senate on March 30, 2023. Bill S 1105's most recent activity was Read twice and referred to the Committee on Finance. as of March 30, 2023

Bipartisan Support of Bill S 1105

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 S 1105

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1105

Don't Weaponize the IRS Act

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