S. 1100
Referred to CommitteeA bill to institute a program for the disclosure of taxpayer information for third-party income verification through the Internet.
Latest Action
Read twice and referred to the Committee on Finance.
4/9/2019 • Senate
Summary
This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable.
The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application.
In implementing the program, the IRS must (1) ensure that the program complies with applicable security standards and guidelines; and (2) assess and collect a fee for the disclosures at rates that are sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.
Introduced in Senate • 4/9/2019
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Sponsor & Cosponsors (5)
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Sponsor
Cosponsors (4)
Bill Journey
Originated in the Senate
Introduced
April 9, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (4)
H.R. 1957
Great American Outdoors Act
H.R. 3151
Taxpayer First Act
S. 928
Taxpayer First Act of 2019
H.R. 2007
To require the Secretary of the Treasury to establish a program for the automated disclosure of taxpayer information for third-party income verification, and for other purposes.