HR 10546 United States House · 118th Congress

To amend the Internal Revenue Code of 1986 to allow the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics for certain statistical purposes.

HR 10546 amends tax law to allow the IRS to share specific business tax return data with the Bureau of Economic Analysis (BEA) and Bureau of Labor Statistics (BLS) for official economic statistics. It permits disclosure of details like employer IDs, business addresses, industry codes, and financial figures (e.g., gross receipts, wages) from forms such as 1120, 1065, and Schedule C, but only for businesses with over $250,000 in gross receipts for sole proprietors. The bill requires anonymized data sharing to prevent taxpayer identification and limits disclosures strictly to statistical purposes like national economic accounts and censuses. It directly affects businesses filing these tax forms by enabling federal agencies to collect aggregated economic data for public reporting.
Tags: Data Reporting
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 20, 2024 Last action Dec 20, 2024
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Dec 20, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Dec 20, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Donald S. Beyer, Jr.
Donald S. Beyer, Jr.
DDemocratic
VA
8