3.0.0 1958 2023-01-11T13:38:16Z 2023-01-11T13:38:16Z Senate S 2017-10-16 115 ssfi00 Finance Committee Senate Standing Referred to 2017-10-16T21:02:13Z Taxpayer First Act of 2018 115 7227 HR 2018-12-20 Received in the Senate. Related bill CRS IRS Data Verification Modernization Act of 2017 115 3860 HR 2017-09-28 Referred to the House Committee on Ways and Means. Identical bill CRS 2017-10-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-10-16 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2017-10-16 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2018-06-11 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2018-07-16 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2018-11-26 False Taxation Internet and video services Internet, web applications, social media Tax administration and collection, taxpayers User charges and fees Taxation 00 2017-10-16 Introduced in Senate 2017-10-20T17:01:09Z IRS Data Verification Modernization Act of 2017

This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that disclosures of tax returns or return information by the IRS to a person verifying the income of a taxpayer for a legitimate business purpose are: (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable.

The IRS must assess and collect a fee for the disclosures described above at rates that are sufficient to recover the costs related to implementing the program not later than five years after the costs are paid or incurred.

]]> IRS Data Verification Modernization Act of 2017 Display Title IRS Data Verification Modernization Act of 2017 Short Titles as Introduced IRS Data Verification Modernization Act of 2017 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to require Internet-based, real-time responses to requests to verify taxpayer income for legitimate business purposes, and for other purposes. Introduced in Senate 2017-10-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1958is/xml/BILLS-115s1958is.xml 2017-10-16 Read twice and referred to the Committee on Finance. 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.