A bill to prevent the use of additional Internal Revenue Service funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80,000,000,000, infusion of new funds.

12/15/2023, 4:05 PM

Summary of Bill S 398

Bill 118 s 398 aims to prevent the Internal Revenue Service (IRS) from using additional funds for audits of taxpayers with taxable incomes below $400,000. The bill is designed to protect low- and middle-income earning American taxpayers from facing audits by the IRS. The bill highlights concerns about the potential for an increase in audits due to a significant increase in funding for the IRS, totaling nearly $80 billion. The bill seeks to ensure that taxpayers with lower incomes are not unfairly targeted for audits and aims to provide a level of protection for these individuals.

Congressional Summary of S 398

This bill prohibits the Internal Revenue Service from using the additional funding for enforcement activities provided by the Inflation Reduction Act of 2022 to conduct audits of taxpayers with taxable incomes below $400,000.

Current Status of Bill S 398

Bill S 398 is currently in the status of Bill Introduced since February 14, 2023. Bill S 398 was introduced during Congress 118 and was introduced to the Senate on February 14, 2023. Bill S 398's most recent activity was Read twice and referred to the Committee on Finance. as of February 14, 2023