Section 1 Short title
This Act may be cited as the “Increasing Rightful Sentences Act” or the “IRS Act”.
Increasing Rightful Sentences Act
A BILL
To amend the Internal Revenue Code of 1986 to increase penalties for unauthorized disclosure of taxpayer information.
Sec. 2 Increase in penalties for unauthorized disclosures of taxpayer information
In general— Paragraphs (1), (2), and (3) of section 7213(a) of the Internal Revenue Code of 1986 are each amended by striking “a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years” and inserting “, with respect to each person whose return or return information was disclosed, a fine in any amount not less than $5,000 and not greater than $10,000, or imprisonment of not more than 10 years”.
Solicitation— Paragraph (4) of section 7213(a) of the Internal Revenue Code of 1986 is amended by striking “a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years” and inserting “, with respect to each person whose return or return information was received, a fine in any amount not less than $5,000 and not greater than $10,000, or imprisonment of not more than 10 years”.
Shareholders— Paragraph (5) of section 7213(a) of the Internal Revenue Code of 1986 is amended by striking “a fine in any amount not to exceed $5,000, or imprisonment of not more than 5 years” and inserting “, with respect to each corporation or subsidiary thereof for which return or return information was disclosed, a fine in any amount not less than $5,000 and not greater than $10,000, or imprisonment of not more than 10 years”.
Effective date— The amendments made by this section shall apply to disclosures made after the date of the enactment of this Act.