Search Results: keywords:"fine increase"

  • H. R. 8292 — To amend the Internal Revenue Code of 1986 to increase penalties for unauthorized disclosure of taxpayer information.
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    Status:Introduced in House
    Words:443

    H. R. 8292, also known as the "Taxpayer Data Protection Act," seeks to amend the Internal Revenue Code of 1986 by raising the penalties for unauthorized disclosure of taxpayer information. The bill proposes increasing the maximum fine from $5,000 to $250,000 and doubling the...

    Simple Explanation

    H. R. 8292 wants to make sure people don't share private tax information without permission by making the punishment a lot bigger, with possibly huge fines and longer jail time if they do. Each person who's information is shared counts as a separate problem, which could mean even more trouble for the rule-breaker.

  • S. 5135 — To amend the Internal Revenue Code of 1986 to increase penalties for unauthorized disclosure of taxpayer information.
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    Status:Introduced in Senate
    Words:335

    S. 5135, introduced on September 23, 2024, is a bill aimed at amending the Internal Revenue Code of 1986 to increase the penalties for unauthorized disclosure of taxpayer information. The proposed changes significantly raise the fines from $5,000 to $250,000 and extend the...

    Simple Explanation

    The bill is like a big rule saying people need to be extra careful with others' tax secrets. If someone shares these secrets without permission, they could be fined a huge amount of money, and if they share secrets about lots of people, they'll be in even bigger trouble.