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- H.R.2625
H.R.2625: Abusive Tax Shelter Shutdown and Taxpayer Accountability Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 25, 2005
- Latest Major Action May 25, 2005
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
52 (52 Democrats, 1 Independent Democrat)
Bill Summary
Abusive Tax Shelter Shutdown and Taxpayer Accountability Act of 2005 - Amends the Internal Revenue Code to revise or add provisions relating to tax shelter activity, including provisions to: (1) define "economic substance" for purposes of evaluating tax shelter transactions; (2) increase penalties for large entities and high net-worth individuals for failure to disclose certain tax shelter transactions; (3) impose penalties for understatements...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
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May 25, 2005 |
Introduced in the House by Lloyd Doggett (D-Texas) |