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HR 1234 109th Congress House

Corporate Accountability Tax Gap Act of 2005

Official title: To amend the Internal Revenue Code of 1986 to require greater transparency of corporate tax accounting measures, to facilitate analysis of financial statements… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to require greater transparency of corporate tax accounting measures, to facilitate analysis of financial statements, to permit inspection of true corporate tax liability and understand the tax strategies undertaken by corporations, to discourage abusive tax sheltering activities, and to restore investor confidence in publicly traded corporations.

Introduced: March 10, 2005 Introduced by: Doggett, Lloyd Democratic · Texas See on congress.gov
Taxation AccountingAffiliated corporationsBusiness recordsCommerce
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CongressCongressional reporting requirementsCorporate financeCorporation taxesData banksDepreciation and amortizationDividendsElectronic government informationEmployee stock optionsEnergyEnergy industriesExcess profits taxFinance and Financial SectorFinancial statementsGovernment Operations and PoliticsGovernment paperworkGovernment publicityGovernmental investigationsIncomeIncome taxInvestmentsLabor and EmploymentPension fundsScience, Technology, CommunicationsTax amnestyTax creditsTax evasionTax returnsTax sheltersTax-exempt securities
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2005
Referred to the House Committee on Ways and Means.
Mar 10, 2005
Introduced in House
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 Latest action March 10, 2005

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Corporate Accountability Tax Gap Act of 2005 - Amends the Internal Revenue Code to provide for public disclosure of certain information of publicly traded corporations, including: (1) net corporate income tax and taxable income as shown on the corporation's current year tax return; (2) adjusted book income; and (3) differences between taxable income and adjusted book income due to certain transactions, depreciation differences, stock options, and other factors.

Directs the Secretary of the Treasury to conduct a study of corporate tax shelter activity.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5 Independent 1
D
Larson, John B.
Connecticut · Nov 17, 2005
 D
Baldwin, Tammy
Wisconsin · Mar 10, 2005
Bordallo, Madeleine
· Mar 10, 2005
 D
Davis, Danny K.
Illinois · Mar 10, 2005
 D
DeLauro, Rosa L.
Connecticut · Mar 10, 2005
 D
Norton, Eleanor Holmes
District of Columbia · Mar 10, 2005
 I
Sanders, Bernard
Vermont · Mar 10, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1234: Corporate Accountability Tax Gap Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1234/
MLA
"H.R. 1234: Corporate Accountability Tax Gap Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1234/.
Bluebook (legal)
H.R. 1234, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1234/.
Markdown link
[H.R. 1234: Corporate Accountability Tax Gap Act of 2005](https://openamerica.io/bill/109-HR-1234/)
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