S 2312
97th Congress
Senate
Taxation
Barter
Due process of law
Income tax
Subpoena
Tax administration
A bill to amend the Internal Revenue Code of 1954 to include a barter exchange as a third-party recordkeeper for purposes of the special procedures for third-party summons.
Introduced: March 30, 1982
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 1982
Committee on Finance requested executive comment from OMB; Treasury Department.
Mar 30, 1982
Introduced in Senate
Mar 30, 1982
Read twice and referred to the Committee on Finance.
Plain-English summary
Amends the Internal Revenue Code to extend to taxpayers who engage in barter exchanges the right to notice and a court hearing before third-party records must be surrendered to the Internal Revenue Service in a tax investigation.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1
Cosponsors
1