To amend the Internal Revenue Code of 1986 to require public disclosure of individual tax returns of the President, the Vice President, and Members of Congress, and candidates for such offices.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Tax Transparency Act of 2023 and requires disclosure of returns and return information of candidates for President, Vice President, or Congress Subsection (k) of section 6103 of the Internal Revenue Code of 1986 is amended by adding at the end. It relies on tax rate changes, compliance mandates, and exemptions. The main policy areas are Regulated Industries and Finance.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face reduced risk and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Lobbyists, political organizations, and disclosure users affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Tax Transparency Act of 2023.
- Requires disclosure of returns and return information of candidates for President, Vice President, or Congress Subsection (k) of section 6103 of the Internal Revenue Code of 1986 is amended by adding at the end...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Tax Transparency Act of 2023 and requires disclosure of returns and return information of candidates for President, Vice President, or Congress Subsection (k) of section 6103 of the Internal Revenue Code of 1986 is amended by adding at the end.
Key Policy Areas
Regulated Industries, Finance
Primary Purpose
The bill creates short title This Act may be cited as the Tax Transparency Act of 2023 and requires disclosure of returns and return information of candidates for President, Vice President, or Congress Subsection (k) of section 6103 of the Internal Revenue Code of 1986 is amended by adding at the end.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Lobbyists, political organizations, and disclosure users affected by the bill
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Posey introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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