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Sharing Business Tax Data for Statistical Purposes

New rules allow government agencies like the Bureau of Economic Analysis and the Bureau of Labor Statistics to access selected business tax data. This aims to improve economic understanding and create more accurate statistics. For citizens, this means the government will have a more complete picture of economic activity, potentially influencing future policy decisions.
Key points
The Bureau of Economic Analysis will gain access to revenue data from corporations, partnerships, and sole proprietorships with high gross receipts.
The Bureau of Labor Statistics will be able to view data such as employer identification numbers, business names, addresses, activity codes, gross receipts, number of employees, and total wages.
This information will be used for structuring censuses, national economic accounts, and other statistical activities.
Rules for sharing data between agencies have been introduced, emphasizing anonymization unless explicitly authorized.
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Additional Information
Print number: 118_HR_10546
Sponsor: Rep. Beyer, Donald S. [D-VA-8]
Process start date: 2024-12-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10546.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-20.

What are the main provisions?

Key points include:

  • The Bureau of Economic Analysis will gain access to revenue data from corporations, partnerships, and sole proprietorships with high gross receipts.
  • The Bureau of Labor Statistics will be able to view data such as employer identification numbers, business names, addresses, activity codes, gross receipts, number of employees, and total wages.
  • This information will be used for structuring censuses, national economic accounts, and other statistical activities.
  • Rules for sharing data between agencies have been introduced, emphasizing anonymization unless explicitly authorized.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beyer, Donald S. [D-VA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Economy