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Enhanced Taxpayer Privacy: New Rules for Third-Party Information Requests

This act changes how the tax authority can obtain information about you from third parties, such as banks or employers. It increases your right to know what specific data is being sought and gives you more time to provide it yourself before the authority contacts others. This aims to better protect your privacy and ensure greater transparency in the authority's actions.
Key points
The tax authority must now clearly specify what exact information it seeks from third parties if you can provide it yourself.
You get at least 45 days to provide the requested information yourself before the authority contacts other individuals or institutions.
The act takes effect 12 months after its enactment, allowing time for adaptation to the new rules.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2629
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2025-07-31
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

Taxpayer Notification and Privacy Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2629.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-31.

What are the main provisions?

Key points include:

  • The tax authority must now clearly specify what exact information it seeks from third parties if you can provide it yourself.
  • You get at least 45 days to provide the requested information yourself before the authority contacts other individuals or institutions.
  • The act takes effect 12 months after its enactment, allowing time for adaptation to the new rules.
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 Sen. Barrasso, John [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes