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Streamlining Federal Tax Debt Resolution in Court Receivership Cases.

This law simplifies how federal tax debts are resolved when a company or individual's assets are managed by a court-appointed receiver. It grants courts the power to quickly determine the final amount of federal taxes owed, speeding up financial closure and providing certainty regarding tax obligations for the estate. These changes aim to streamline the process of resolving financial distress under court supervision.
Key points
Courts can now determine the final amount of federal taxes, fines, and penalties for assets under receivership, accelerating the resolution process.
If the receiver requests a tax determination and the tax authority fails to respond within 60 days or complete an audit within 180 days, the estate is discharged from further tax liability.
The law waives sovereign immunity for tax authorities in these proceedings, allowing courts to issue binding judgments regarding tax disputes.
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Introduced
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Additional Information
Print number: 119_HR_5146
Sponsor: Rep. LaHood, Darin [R-IL-16]
Process start date: 2025-09-04
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Federal Receivership Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5146.

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 2025-09-04.

What are the main provisions?

Key points include:

  • Courts can now determine the final amount of federal taxes, fines, and penalties for assets under receivership, accelerating the resolution process.
  • If the receiver requests a tax determination and the tax authority fails to respond within 60 days or complete an audit within 180 days, the estate is discharged from further tax liability.
  • The law waives sovereign immunity for tax authorities in these proceedings, allowing courts to issue binding judgments regarding tax disputes.
What is the specific legal status?

The current status is Introduced.

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. LaHood, Darin [R-IL-16].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Courts and Law