Search Results: keywords:"tax enforcement"

  • S. 5079 — To provide for special enforcement provisions with respect to COVID-related employee retention credit claims, and for other purposes.
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    Status:Introduced in Senate
    Words:2,676

    S. 5079, also known as the “ERTC Repeal Act of 2024,” focuses on enforcing rules concerning the COVID-related employee retention tax credit claims. It introduces increased penalties for promoters who help individuals or businesses falsely lower their tax liabilities through...

    Simple Explanation

    This bill is like a big rulebook that makes sure people are honest when using a special money-saving coupon for businesses affected by COVID. It says that if someone helps others cheat with these coupons, they could get in big trouble and have to pay a lot of money as a punishment.

  • H. R. 10222 — To amend the Internal Revenue Code of 1986 with respect to the application of the excise tax on tobacco to pipe and waterpipe tobacco.
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    Status:Introduced in House
    Words:422

    H. R. 10222, known as the “Hookah Clarification Act of 2024,” proposes changes to the Internal Revenue Code of 1986 to address taxes on pipe and waterpipe tobacco. It aims to impose a tax of $2.8311 per pound on both pipe and waterpipe tobacco, which includes products...

    Simple Explanation

    The bill wants to change the way taxes are collected on special kinds of tobacco used in pipes and waterpipes, like hookahs, by setting a specific tax amount for each pound of this tobacco. It is like saying, "For every big bag of this special tobacco, you will pay a certain amount of money in tax."