S 175 · 119th CongressIn Committeecongress.gov ↗

A bill to rescind the unobligated balances of amounts appropriated for Internal Revenue Service enhancements and use such funding for an External Revenue Service.

What this bill does

AI plain-language summary

This bill would take back unspent money that was given to the Internal Revenue Service (IRS) through the Inflation Reduction Act of 2022. That money was originally meant for things like collecting taxes, helping taxpayers, updating technology systems, and looking into a free electronic tax-filing system. The bill would also take back unspent money given to other offices that oversee or support the IRS, like the Treasury Inspector General and the U.S. Tax Court. Finally, the bill says Congress believes the taken-back money should instead be used to create and run a new agency called an External Revenue Service.

Introduced

January 21, 2025

Policy Area

Taxation

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