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A bill to provide limits on the reduction of Internal Revenue Service user fees.
12/15/2023, 4:05 PM
Summary of Bill S 232
Bill 118 s 232, also known as the "Limitation on Reduction of IRS User Fees Act," aims to establish restrictions on the reduction of user fees collected by the Internal Revenue Service (IRS). The bill seeks to ensure that the IRS does not significantly decrease the fees it charges for services provided to taxpayers.
The legislation is designed to maintain the current level of revenue generated through user fees, which are fees paid by individuals or businesses for specific services provided by the IRS. By limiting reductions in these fees, the bill aims to prevent any potential negative impacts on the IRS's ability to effectively carry out its duties and provide necessary services to taxpayers.
Overall, Bill 118 s 232 is focused on maintaining the financial stability of the IRS and ensuring that it has the resources needed to continue operating efficiently. The bill does not propose any major changes to existing user fee structures, but rather seeks to establish safeguards to prevent significant reductions that could potentially hinder the IRS's ability to fulfill its responsibilities.
The legislation is designed to maintain the current level of revenue generated through user fees, which are fees paid by individuals or businesses for specific services provided by the IRS. By limiting reductions in these fees, the bill aims to prevent any potential negative impacts on the IRS's ability to effectively carry out its duties and provide necessary services to taxpayers.
Overall, Bill 118 s 232 is focused on maintaining the financial stability of the IRS and ensuring that it has the resources needed to continue operating efficiently. The bill does not propose any major changes to existing user fee structures, but rather seeks to establish safeguards to prevent significant reductions that could potentially hinder the IRS's ability to fulfill its responsibilities.
Congressional Summary of S 232
This bill establishes a limit of $1,900 in 2023-2025 on Internal Revenue Service (IRS) user fees (e.g., fees for IRS ruling and other types of letters) for individual taxpayers whose gross income does not exceed $5 million.
Read the Full Bill
Current Status of Bill S 232
Bill S 232 is currently in the status of Bill Introduced since February 2, 2023. Bill S 232 was introduced during Congress 118 and was introduced to the Senate on February 2, 2023. Bill S 232's most recent activity was Read twice and referred to the Committee on Finance. as of February 2, 2023
Bipartisan Support of Bill S 232
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 232
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 232
A bill to provide limits on the reduction of Internal Revenue Service user fees.
A bill to provide limits on the reduction of Internal Revenue Service user fees.
Comments
Sponsors and Cosponsors of S 232
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