3.0.0 5070 2023-01-11T13:26:00Z 2023-01-11T13:26:00Z House H HR 2014-07-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARDNER:H.R. 5070.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 7, and Article 1, Section 8[Page H6107]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-07-10T16:01:50Z 2014-07-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-10 Introduced in House IntroReferral 1000 9 Library of Congress G000562 Rep. Gardner, Cory [R-CO-4] Cory Gardner R CO 4 N S001192 Rep. Stewart, Chris [R-UT-2] Chris Stewart R UT 2 2014-07-10 True Taxation Congressional oversight Government studies and investigations Income tax credits Tax administration and collection, taxpayers Wages and earnings Taxation 00 2014-07-10 Introduced in House 2014-08-28T18:09:39Z Earnings Advancement and Recovery Now Act or the EARN Act - Amends the Internal Revenue Code to: (1) increase the penalty on paid tax preparers who engage in willful or reckless conduct in understating tax liability or in disregarding tax rules or regulations, (2) extend from two to five years the period during which a taxpayer who claimed an earned income tax credit based on reckless or intentional disregard of rules and regulations is prohibited from receiving such credit, and (3) make applicable to the earned income tax credit the penalty for an erroneous claim for a tax refund or credit.

Directs the Comptroller General (GAO) to conduct a study of, and report on, the effectiveness and impact of the earned income tax credit and the incidence and cause of improper payments with respect to such credit, with recommendations to improve the efficiency and effectiveness of the credit and reduce improper payments.

]]> Earnings Advancement and Recovery Now Act Display Title Earnings Advancement and Recovery Now Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for improved compliance with the requirements of the earned income tax credit. Introduced in House IH Short Titles as Introduced Earnings Advancement and Recovery Now Act Short Titles as Introduced EARN Act Introduced in House 2014-07-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5070ih/xml/BILLS-113hr5070ih.xml 2014-07-10 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.