This bill would change the Internal Revenue Code to require that tax return information be disclosed to the Small Business Administration (SBA). The disclosure would be for the purpose of carrying out the SBA Disaster Loan Program. Sponsor: Analilia Mejia. Status: Referred to the House Committee on Ways and Means; in progress.
If the bill becomes law, the IRS would be required to share certain return information with the SBA when that information is needed to run the Disaster Loan Program. People applying for or receiving disaster loans could have some of their tax return details provided to the SBA. No publicly available information specifies which exact return details would be shared or how the process would work.
No publicly available information on costs, budgetary effects, or estimates for implementing this change is included in the provided text.
No publicly available information.
No publicly available information.