Washington D.C. – The National Foreign Trade Council (NFTC) welcomed news of the introduction of the Preserving Taxpayers’ Rights Act (H.R. 3220) by Representative Jason Smith (R-MO) and co-sponsored by Representatives Terri Sewell (D-AL), Judy Chu (D-CA), Mike Thompson (D-CA), Carlos Curbelo (R-FL), and George Holding (R-NC).
The Preserving Taxpayers’ Rights Act (H.R.3220) will improve the IRS’ ability to provide better service to its customers, will help taxpayers effectively fulfill their tax responsibilities, and will help minimize unnecessary litigation which is uncertain, expensive, and time consuming for both taxpayers and the IRS.
“The Preserving Taxpayers’ Rights Act will reform the IRS and improve its ability to provide effective and efficient services to taxpayers,” said Cathy Schultz, NFTC Vice President for Tax Policy. “In a year where tax reform is front and center, the introduction of this piece of bipartisan legislation is a great first step. We encourage all members of Congress to support this bill and to continue moving forward towards reforming our country’s outdated tax code.”
To read the full text of the legislation, a one pager and a section-by-section summary, click here.
About the NFTC
Serving America’s Global Businesses Since 1914 – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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