Sec. 303. Prohibited fee arrangement
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/bill/113/hr/1554/ih/section-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6701, as amended by this Act, is amended— by redesignating subsections
(f)and
(g)as subsections
(g)and (h), respectively, by striking subsection (a). in paragraphs
(2)and
(3)of subsection
(g)(as redesignated by paragraph (1)) and inserting subsection
(a)or (f). , and by inserting after subsection
(e)the following new subsection: Any person who makes an agreement for, charges, or collects a fee which is for services provided in connection with the internal revenue laws, and the amount of which is calculated according to, or is dependent upon, a projected or actual amount of— tax savings or benefits, or losses which can be used to offset other taxable income, shall pay a penalty with respect to each such fee activity in the amount determined under subsection (b). The Secretary may issue rules to carry out the purposes of this subsection and may provide exceptions for fee arrangements that are in the public interest. . The amendments made by this section shall apply to fee agreements, charges, and collections made after the date of the enactment of this Act.