,,ii #aae? ,,congress #a/ ,session ,s4 #aieh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,octob] #af1 #bjag,mr4 ,book] 7= himself & ,mr4 ,crapo7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to require ,int]net-bas$1 real-"t responses to reque/s to v]ify taxpay] income = legitimate bus9ess purposes1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,irs ,data ,v]ification ,mod]nization ,act ( #bjag4 #b4 ,disclosure ( taxpay] in=mation = ?ird-p>ty income v]ification 7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury or ! ,secret>y's delegate 7ref]r$ to 9 ?is section z ! ,secret>y7 %all implem5t a program to ensure t any qualifi$ disclosure-- 7#a7 is fully automat$ & accompli%$ ?r\gh ! ,int]net2 & 7#b7 is accompli%$ 9 z close to real-"t z is practicable4 7b7 ,qualifi$ disclosure ,= purposes ( subsection 7a71 ! t]m qualifi$ disclosure means a disclosure "u section #fajc7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf ( returns or return in=mation by ! ,secret>y to a p]son seek+ to v]ify ! income ( a taxpay] = a legitimate bus9ess purpose :o has repres5t$ to ! ,secret>y t su* p]son w comply ) ! requirem5ts ( section #fajc7p77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7c7 ,us] fee 7#a7 ,9 g5]al ,! ,secret>y %all assess & collect a fee = disclosures describ$ 9 subsection 7a7 at su* rates z ! ,secret>y det]m9es are suffici5t to recov] ! co/s relat$ to implem5t+ ! program describ$ 9 subsection 7a7 n lat] ?an #e ye>s aft] su* co/s are paid or incurr$4 ,su* co/s %all include ! co/s ( any necess>y infra/ructure or te*nology4 7#b7 ,deposit ( collections ,am\nts receiv$ f fees au?oriz$ by p>agraph 7#a7 %all be deposit$ z an (fsett+ collection 91 & cr$it$ to1 ! acc\nt ?r\gh :i* funds are made available to c>ry out ! activities describ$ 9 subsection 7a74