H. R. 8292 seeks to amend the Internal Revenue Code of 1986 by significantly increasing the penalties for unauthorized disclosure of taxpayer information. Under this bill, the fines for such violations would rise from $5,000 to $250,000, and the maximum imprisonment time from...
Simple Explanation
H. R. 8292 is a bill that wants to make the punishments much bigger for people who share others' tax secrets without permission. If someone does this, they could have to pay a lot more money – up to $250,000 – and might have to go to jail for up to 10 years.