Bill

Bill > S1272


US S1272

US S1272
Presidential Audit and Tax Transparency Act


summary

Introduced
04/25/2023
In Committee
04/25/2023
Crossed Over
Passed
Dead
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)

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

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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