Presidential Tax Transparency Act
- Last Action
- 4/5/2017
Actions
- 2017-04-05Motion to Discharge Committee filed by Ms. Eshoo. Petition No: 115-1. (<a href="http://clerk.house.gov/115/lrc/pd/petitions/DisPet0001.xml">Discharge petition</a> text with signatures.)
- 2017-01-05Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2017-01-05Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2017-01-05Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2017-01-05Introduced in House
- 2017-01-05Introduced in House
CRS Summary
As of 2017-01-05 (00)
Presidential Tax Transparency Act
This bill amends the Ethics in Government Act of 1978 to require the President and certain candidates for President to disclose federal income tax returns for the three most recent taxable years in reports filed with either the Office of Government Ethics (OGE) or the Federal Election Commission (FEC), in the case of a candidate.
The OGE or the FEC must make the disclosed tax returns publicly available after making appropriate redactions. If the income tax returns are not disclosed as required by this bill, the OGE or the FEC must request the returns from the Internal Revenue Service (IRS).
The bill amends the Internal Revenue Code to require the IRS, upon receiving a written request from the FEC or the OGE, to provide any income tax return that is required to be disclosed under this bill.
The bill also establishes civil and criminal penalties for failing to file or falsifying income tax returns that are required to be disclosed pursuant to this bill.
Cosponsors (20)
- Debbie Dingell (D-MI)
- SHEILA JACKSON LEE (D-TX)
- Jared Huffman (D-CA)
- LOUISE SLAUGHTER (D-NY)
- Jackie Speier (D-CA)
- Mark Pocan (D-WI)
- Brendan Boyle (D-PA)
- MIKE THOMPSON (D-CA)
- Julia Brownley (D-CA)
- Donald Beyer (D-VA)
- Bonnie Watson Coleman (D-NJ)
- BETTY MCCOLLUM (D-MN)
- RON KIND (D-WI)
- Ed Perlmutter (D-CO)
- Steve Cohen (D-TN)
- JAMES MCGOVERN (D-MA)
- Darren Soto (D-FL)
- EARL BLUMENAUER (D-OR)
- Gwen Moore (D-WI)
- ELIOT ENGEL (D-NY)
Subjects
- Elections, voting, political campaign regulation
- Government ethics and transparency, public corruption
- Government information and archives
- Presidents and presidential powers, Vice Presidents
- Tax administration and collection, taxpayers
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.