US S2721

Bill

A bill to require the Internal Revenue Service to issue a report on the tax gap, to establish a fellowship program within the Internal Revenue Service to recruit mid-career tax professionals to create and participate in an audit task force, and for other purposes.

Introduced
09/13/2021

In Committee
09/13/2021

Crossed Over

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require the Internal Revenue Service to issue a report on the tax gap, to establish a fellowship program within the Internal Revenue Service to recruit mid-career tax professionals to create and participate in an audit task force, and for other purposes.

AI Summary

This bill requires the Internal Revenue Service (IRS) to issue an annual report detailing its tax gap estimate, which is the difference between the taxes owed and the taxes actually collected. The bill also establishes a fellowship program within the IRS to recruit mid-career tax professionals to form an audit task force to handle complex tax cases and address emerging tax issues. Additionally, the bill places restrictions on the IRS's ability to increase funding for certain enforcement activities until the tax gap report is published. The bill aims to improve tax compliance and enforcement while providing oversight and transparency around the IRS's efforts.

Committee Categories

Budget and Finance

Sponsors (24)

Mike Crapo (R)*, John Barrasso (R), Marsha Blackburn (R), John Boozman (R), Mike Braun (R), Bill Cassidy (R), Tom Cotton (R), Kevin Cramer (R), Joni Ernst (R), Deb Fischer (R), Chuck Grassley (R), James Inhofe (R), James Lankford (R), Roger Marshall (R), Jerry Moran (R), Lisa Murkowski (R), Jim Risch (R), Mike Rounds (R), Marco Rubio (R), Tim Scott (R), John Thune (R), Thom Tillis (R), Roger Wicker (R), Todd Young (R),

Last Action

Read twice and referred to the Committee on Finance. (on 09/13/2021)

Official Document

https://www.congress.gov/bill/117th-congress/senate-bill/2721/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/senate-bill/2721/all-info
BillText	https://www.congress.gov/117/bills/s2721/BILLS-117s2721is.pdf
Bill	https://www.congress.gov/117/bills/s2721/BILLS-117s2721is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR5206	To require the Internal Revenue Service to issue a report on the tax gap, to establish a fellowship program within the Internal Revenue Service to recruit mid-career tax professionals to create and participate in an audit task force, and for other purposes.	Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.	Related
HR7485	Simplify, Don’t Amplify the IRS Act	Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Reform, and Financial Services, 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.	Related
S4046	Simplify, Don’t Amplify the IRS Act	Read twice and referred to the Committee on Finance.	Related

Bill > S2721

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (24)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary