H.R. 9640: Presidential Tax Filings and Audit Transparency Act of 2022

117th Congress · Sponsored from Massachusetts · In progress

What this bill does

Presidential Tax Filings and Audit Transparency Act of 2022 This bill requires the Internal Revenue Service (IRS) to conduct an examination to determine the correctness of a Presidential income tax return as rapidly as practicable after it is filed. The IRS must disclose and make publicly available (on the internet) an initial report, periodic reports, and a final report on the examination of such tax returns. The final report must include the date on which the IRS examination of the return was completed, a list of audit materials, and a description of each proposed adjustment to a return and any controversy relating to its examination. This disclosure of tax return information is an exception to the general rule of confidentiality of taxpayer returns. The bill provides criteria for approving a request for an extension of the filing of a tax return and for failing to file a return within the required time period. The bill defines Presidential income tax return as any relevant income tax return of (1) a president while the president is in office, (2) the spouse of a president, (3) a corporation or partnership controlled by a president or a president's spouse, and (4) the estate of a president or a president's spouse.

Key facts

• Status In progress
• Introduced 2022-12-21
• Policy area Taxation
• Cosponsors 24
• Latest action Received in the Senate.

Sponsor

Rep. Neal, Richard E. [D-MA-1]

Lead sponsor · Massachusetts

D

Who funds the sponsor?

Rep. Neal, Richard E. [D-MA-1] introduced H.R. 9640. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.

See Rep. Neal, Richard E. [D-MA-1]'s donors & voting record →

Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.

Take a position & compare alignment

Agree or disagree with H.R. 9640? Go to the homepage to record your view and compare your stance with how your representatives vote. See Rep. Neal, Richard E. [D-MA-1]'s profile to vote on their bills and check your alignment % with the sponsor.

Read the official text on Congress.gov →