H.R. 8292, titled the “Taxpayer Data Protection Act,” aims to amend the Internal Revenue Code of 1986 to increase the penalties for unauthorized disclosure of taxpayer information. The bill proposes raising the fine from $5,000 to $250,000 and increasing the maximum prison...
Simple Explanation
H.R. 8292 is a bill that wants to make the punishment much bigger for people who share private taxpayer information without permission. If someone does this, they could now pay a really big fine and spend more time in jail.