Presidential Tax Disclosure Act of 2019
- Last Action
- 2/4/2019
Actions
- 2019-02-04Referred to the Committee on Oversight and Reform, and in addition to the Committee on Ways and Means, 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.
- 2019-02-04Referred to the Committee on Oversight and Reform, and in addition to the Committee on Ways and Means, 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.
- 2019-02-04Introduced in House
- 2019-02-04Introduced in House
CRS Summary
As of 2019-02-04 (00)
Presidential Tax Disclosure Act of 2019
This bill requires any individual holding the office of President to submit federal tax returns to the Office of Government Ethics (OGE). The individual must submit (1) each return filed with the Internal Revenue Service (IRS) for any year ending while the individual is President, and (2) each return filed with the IRS for the three years before the individual assumed office.
After receiving the returns, the OGE must (1) make the returns publicly available on the Internet, and (2) submit the returns to specified congressional committees.
No information may be redacted from the disclosed returns except for (1) Social Security, tax identification, and account identification numbers; and (2) the name of any dependent of the taxpayer.
The bill establishes civil and criminal penalties to enforce the disclosure requirements. It also permits the IRS to disclose to the OGE any federal tax return that is required to be disclosed by this bill, but has not been submitted to the OGE within a specified deadline.
Subjects
- Civil actions and liability
- Congressional oversight
- Fraud offenses and financial crimes
- 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.