No official summary available for this bill.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10546 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 10546
To amend the Internal Revenue Code of 1986 to allow the disclosure of
certain business tax return information to the Bureau of Economic
Analysis and the Bureau of Labor Statistics for certain statistical
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 20, 2024
Mr. Beyer introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to allow the disclosure of
certain business tax return information to the Bureau of Economic
Analysis and the Bureau of Labor Statistics for certain statistical
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. DISCLOSURE OF CERTAIN BUSINESS RETURN INFORMATION FOR
STATISTICAL PURPOSES.
(a) Expansion of Return Information Disclosed to Bureau of Economic
Analysis.--Section 6103(j)(1)(B) of the Internal Revenue Code of 1986
is amended to read as follows:
``(B) such return information reflected on returns
of corporations and returns of partnerships, and such
return information directly relating to the activity of
a sole proprietorship with gross receipts of more than
$250,000 for the taxable year of such return reflected
on returns of individuals, to officers and employees of
the Bureau of Economic Analysis,''.
(b) Disclosure of Return Information to Bureau of Labor
Statistics.--Section 6103(j) of such Code is amended by adding at the
end the following new paragraph:
``(7) Department of labor.--
``(A) In general.--Upon request in writing by the
Secretary of Labor, the Secretary shall furnish to
officers and employees of the Bureau of Labor
Statistics such return information described in
subparagraph (B) as the Secretary may prescribe by
regulation for the purpose of, but only to the extent
necessary in, the structuring of censuses and national
economic accounts and conducting related statistical
activities authorized by law.
``(B) Return information.--The return information
that may be furnished to officers and employees of the
Bureau of Labor Statistics pursuant to subparagraph (A)
shall be limited to:
``(i) Employer identification numbers,
business names, business addresses (including
mailing addresses and physical locations),
principal industrial activity codes (including
the business description) and the form number
and name of business tax forms filed (including
Forms 1120, 1120-S, 1065, 1120-C, 1120-F, CT-1,
943, 990, 990-EZ, 990-PF, and 990-T).
``(ii) Taxpayer identification numbers,
business names, business addresses (including
mailing addresses and physical locations),
principal industrial activity codes (including
the business description) from Form 1040,
Schedule C (or successor forms).
``(iii) Gross receipts or sales less
returns and allowances from Forms 1120, 1120-S,
1065, 1120-C, and 1120-F and from Form 1040
Schedule C (or successor forms).
``(iv) Total revenues from Forms 990, 990-
EZ, and 990-PF (or successor forms).
``(v) Employer identification numbers and
number of employees and total wages (including
wages, tips, and other compensation) from Forms
941, 943, and 944 (or successor forms) if
applicable.
``(vi) Employer identification numbers and
the employment code from the Internal Revenue
Service business master files (or successor
codes and files).
``(vii) Employer identification numbers and
the type of entity code from Form SS-4 (or
successor forms).''.
(c) Facilitating Collaboration Between Recipients of Information
for Statistical Uses.--Section 6103(j)(4) of such Code is amended to
read as follows:
``(4) Anonymous form.--
``(A) In general.--Except as authorized in
subparagraph (B), no person who receives a return or
return information under this subsection shall disclose
such return or return information to any person other
than the taxpayer to whom it relates except in a form
which cannot be associated with, or otherwise identify,
directly or indirectly, a particular taxpayer.
``(B) Exception.--Recipients of return information
under this subsection may disclose such return
information to other persons to whom disclosure of such
return information is authorized under this subsection
to the extent and for the purposes for which such
disclosure is authorized by this subsection (without
regard to this paragraph), subject to such requirements
and conditions as the Secretary may prescribe.''.
(d) Application of Return Information Safeguards.--Section
6103(p)(4) of such Code is amended by striking ``(j)(1), (2), or (5)''
each place it appears and inserting ``(j)(1), (2), (5), or (7)''.
(e) Effective Date.--The amendments made by this section shall take
effect on the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line