Sec. 11074. Clarification of whistleblower awards
197 words·~1 min read·
/bill/115/hr/1/eas/section-11074A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7623 is amended by adding at the end the following new subsection: For purposes of this section, the term proceeds includes— penalties, interest, additions to tax, and additional amounts provided under the internal revenue laws, and any proceeds arising from laws for which the Internal Revenue Service is authorized to administer, enforce, or investigate, including— criminal fines and civil forfeitures, and violations of reporting requirements. . Paragraphs
(1)and (2)(A) of section 7623(b) are each amended by striking collected proceeds (including penalties, interest, additions to tax, and additional amounts) resulting from the action and inserting proceeds collected as a result of the action . Paragraphs
(1)and (2)(A) of section 7623(b) are each amended by inserting (determined without regard to whether such proceeds are available to the Secretary) after in response to such action . Section 7623(b)(5)(B) is amended by striking tax, penalties, interest, additions to tax, and additional amounts and inserting proceeds . The amendments made by this section shall apply to information provided before, on, or after the date of the enactment of this Act with respect to which a final determination for an award has not been made before such date of enactment.