summary
Introduced
04/25/2023
04/25/2023
In Committee
04/25/2023
04/25/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to provide for examination and disclosure with respect to Presidential income tax returns, to amend the Ethics in Government Act of 1978 to require the disclosure of certain tax returns by Presidents and certain candidates for the office of the President, and for other purposes.
AI Summary
This bill amends the Internal Revenue Code and the Ethics in Government Act to provide for examination and disclosure of presidential income tax returns. Specifically, it requires the IRS to conduct an examination of a president's income tax return and publicly report on the status and findings of the examination. It also requires presidents and presidential candidates to disclose their past three years of income tax returns to the Office of Government Ethics and Federal Election Commission, respectively, which will then make those returns publicly available with certain redactions. The bill also allows the IRS to disclose presidential and candidate tax returns to these government offices for the purposes of this new disclosure requirement.
Committee Categories
Budget and Finance
Sponsors (12)
Ron Wyden (D)*,
Maria Cantwell (D),
Ben Cardin (D),
Tim Kaine (D),
Amy Klobuchar (D),
Ed Markey (D),
Bernie Sanders (I),
Debbie Stabenow (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (on 04/25/2023)
Bill Topics
Government Operations
- ‐ Government Ethics and Conflicts of Interest
- ‐ Government Transparency and Open Records
- ‐ Tax Administration and Collection of Revenue
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1272/all-info | 04/26/2023 |
| BillText | https://www.congress.gov/118/bills/s1272/BILLS-118s1272is.pdf | 05/02/2023 |
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