H.R.5719: Taxpayer Assistance and Simplification Act of 2008

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about congress
  • Introduced April 8, 2008
  • Latest Major Action April 16, 2008

Bill Summary

Taxpayer Assistance and Simplification Act of 2008 - (Sec. 2) Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.5719.

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 17.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-584, Part I.
Placed on the Union Calendar, Calendar No. 362.
Rules Committee Resolution H. Res. 1102 Reported to House. Rule provides for consideration of H.R. 5719 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted.
Supplemental report filed by the Committee on Ways and Means, H. Rept. 110-584, Part II.
Rule H. Res. 1102 passed House.
Considered under the provisions of rule H. Res. 1102.
Rule provides for consideration of H.R. 5719 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted.
DEBATE - The House proceeded with one hour of debate on H.R. 5719.
The previous question was ordered pursuant to the rule.
Mr. Herger moved to recommit with instructions to Ways and Means.
DEBATE - The House proceeded with ten minutes of debate on the Herger motion to recommit with instructions. The instructions contained in the motion seek to add language to deny tax exempt interest with respect to bonds of sanctuary states and cities.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 210 - 210 (Roll no. 189).
On passage Passed by recorded vote: 238 - 179 (Roll no. 190).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Finance.
April 8, 2008

Introduced in the House by Charles B. Rangel (D-N.Y.)

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