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- H.R.2143
H.R.2143: To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 28, 2009
- Latest Major Action April 28, 2009
Bill Sponsor
Bill Cosponsors
14 (6 Democrats, 9 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) allow a waiver of the penalty for failure to disclose reportable transactions (i.e., transactions which have a potential for tax avoidance or evasion) if such failure is due to reasonable cause and not due to willful neglect; (2) revise the amount of the penalty for such failure; and (3) limit the imposition of such penalty to the taxpayer (currently, any person). Reaffirms the authority of the...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 28, 2009 |
Introduced in the House by Joe Donnelly (D-Ind.) |