[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4964 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4964

    To amend the Internal Revenue Code of 1986 to clarify that the 
exception to the general statute of limitations for fraudulent returns 
   applies only when a taxpayer seeks to evade their tax obligations.


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                   IN THE SENATE OF THE UNITED STATES

                             July 14, 2026

Mr. Marshall (for himself and Mr. Welch) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to clarify that the 
exception to the general statute of limitations for fraudulent returns 
   applies only when a taxpayer seeks to evade their tax obligations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Innocent Taxpayers from 
Endless Assessments Act''.

SEC. 2. LIMITATION PERIOD NOT EXTENDED FOR VICTIMS OF PREPARER FRAUD.

    (a) In General.--Section 6501(c)(1) of the Internal Revenue Code of 
1986 is amended by inserting ``by the taxpayer'' after ``intent''.
    (b) Effective Date.--The amendment made by this section shall apply 
to assessments made or proceedings begun after the date of enactment of 
this Act.
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