Search Results: keywords:"taxpayer data protection act"

  • 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:Reported in House
    Words:613

    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.

  • 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.