Search Results: keywords:"multiple violations"

  • H. R. 8292 — An Act To amend the Internal Revenue Code of 1986 to increase penalties for unauthorized disclosure of taxpayer information.
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    Status:Engrossed in House
    Words:326

    H. R. 8292 is a proposed law that aims to increase the penalties for those who unlawfully disclose taxpayer information. It suggests changing the current penalties from a $5,000 fine or up to 5 years in prison to a $250,000 fine or up to 10 years in prison. Additionally, the...

    Simple Explanation

    H. R. 8292 is a new law idea that would make it much more expensive and punishable for someone to improperly share people's tax secrets, making the fines a lot bigger and possible jail time longer, to try and stop people from doing it.

  • 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.