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Family and Small Business Taxpayer Protection Act
12/15/2023, 3:53 PM
Summary of Bill HR 23
The Family and Small Business Taxpayer Protection Act, also known as Bill 118 hr 23, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide tax relief and protection for families and small businesses.
One key aspect of the bill is the provision of tax credits for families, which would help lower-income families afford essential expenses such as childcare and education. Additionally, the bill aims to simplify the tax code for small businesses, making it easier for them to navigate and comply with tax regulations.
Another important feature of the Family and Small Business Taxpayer Protection Act is the establishment of safeguards to prevent tax fraud and abuse. This includes measures to crack down on identity theft and fraudulent tax returns, as well as increased penalties for those found guilty of tax evasion. Overall, the bill seeks to support and protect families and small businesses by providing tax relief, simplifying the tax code, and preventing tax fraud. It is currently being debated in Congress, with supporters arguing that it will help stimulate economic growth and provide much-needed assistance to those who need it most.
One key aspect of the bill is the provision of tax credits for families, which would help lower-income families afford essential expenses such as childcare and education. Additionally, the bill aims to simplify the tax code for small businesses, making it easier for them to navigate and comply with tax regulations.
Another important feature of the Family and Small Business Taxpayer Protection Act is the establishment of safeguards to prevent tax fraud and abuse. This includes measures to crack down on identity theft and fraudulent tax returns, as well as increased penalties for those found guilty of tax evasion. Overall, the bill seeks to support and protect families and small businesses by providing tax relief, simplifying the tax code, and preventing tax fraud. It is currently being debated in Congress, with supporters arguing that it will help stimulate economic growth and provide much-needed assistance to those who need it most.
Congressional Summary of HR 23
Family and Small Business Taxpayer Protection Act
This bill rescinds certain unobligated amounts made available to the Internal Revenue Service by the Inflation Reduction Act of 2022 for (1) its enforcement activities and operations support, (2) the efile tax return system, and (3) funding the U.S. Tax Court and certain Department of the Treasury tax agencies.
Read the Full Bill
Current Status of Bill HR 23
Bill HR 23 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 23 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 23's most recent activity was Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1. as of January 25, 2023
Bipartisan Support of Bill HR 23
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
164Democrat Cosponsors
0Republican Cosponsors
164Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 23
Primary Policy Focus
TaxationPotential Impact Areas
- Appropriations
- Computers and information technology
- Internal Revenue Service (IRS)
- Specialized courts
- Tax administration and collection, taxpayers
Alternate Title(s) of Bill HR 23
Family and Small Business Taxpayer Protection Act
Family and Small Business Taxpayer Protection Act
Family and Small Business Taxpayer Protection Act
To rescind certain balances made available to the Internal Revenue Service.
Comments
Sponsors and Cosponsors of HR 23
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