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IRS Funding Accountability Act

Source: Congress.gov  ·  3,971 words in original text
# IRS Funding Accountability Act - Plain English Summary ## WHAT THIS BILL DOES This bill requires the Internal Revenue Service (IRS) to create detailed spending plans for money it receives and submit them to Congress. Congress can reject these plans, which would delay the IRS from using the money. The IRS and Treasury Department must also submit quarterly reports showing how they are spending the funds. (Sec. 1, 2, 3) ## WHO IT AFFECTS The Internal Revenue Service and the Department of the Treasury are directly affected by these reporting and planning requirements. Congress receives the spending plans and reports. Taxpayers may be indirectly affected by how the IRS spends this money on services and enforcement. ## KEY PROVISIONS * The IRS cannot spend most of the new funding until it submits a comprehensive spending plan to Congress within 60 days of the bill becoming law. Congress has 60 days to reject the plan. (Sec. 2(a)(1)) * Each spending plan must include detailed information about how the money will be spent, specific goals and timelines, performance data on phone wait times and mail backlogs, and analysis of tax audits by income group. (Sec. 2(b)(2)) * The Treasury Secretary and IRS Commissioner must testify in person before Congress within 30 days after submitting each spending plan if Congress requests it. (Sec. 2(b)(3)) * The IRS must submit quarterly reports (every three months) describing what actions it took with the new funding, who was hired, and violations of fair collection practices. (Sec. 3(a)) * The Department of Treasury must submit quarterly reports describing its use of new funding and any changes to its tax guidance plans. (Sec. 3(b)) ## WHAT CHANGES If this bill becomes law, the IRS will face a 60-day delay before spending most of its new funding while Congress reviews the spending plan. The IRS and Treasury must create annual spending plans and quarterly reports that did not previously exist. Congress gains the ability to reject spending plans, which would trigger additional delays and require new plans to be submitted. The IRS loses funding if it fails to submit required reports on time. (Sec. 2(a), 3(a)(3), 3(b)(2)) ## IMPORTANT DEFINITIONS * **Appropriate Congressional committees**: The Senate Finance Committee, Senate Appropriations Committee, House Ways and Means Committee, and House Appropriations Committee. (Sec. 4) * **Applicable period**: The time starting after the first spending plan is required to be submitted and ending September 30, 2031. (Sec. 3(c)(1)) * **Joint resolution of disapproval**: A formal congressional action rejecting an IRS spending plan, introduced within 60 days of the plan being submitted. (Sec. 2(c)(1)) ## EFFECTIVE DATE Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.