S 1594 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to apply the civil fraud penalty only to that portion of an underpayment which is attributable to fraud.

Introduced 1981-08-03· Sponsored by Sen. Symms, Steven D. [R-ID]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Taxation and Debt Management. Hearings held.(1981-11-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to base the civil penalty for fraud on only the portion of the underpayment which is due to fraud rather than on the entire underpayment.…

Summarized by Claude AI · Non-partisan · For informational purposes only