,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dgfa  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #aa1     
#bjbf,mr4 ,scott of ,south ,carolina    
7for himself and ,ms4 ,hassan7          
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to clarify the authority of the   
,tax ,court to order relief from a      
judgment or order4  #a4 ,short title    
,this ,act may be cited as the ,tax     
,court ,parity ,act4  #b4 ,clarification
 of ,tax ,court authority to order      
relief from a judgment or order ,section
 #gdha of the ,internal ,revenue ,code  
of #aihf is amended-- 7#a7 by striking  
and 7d71 in subsection 7a7 and inserting
 7d71 and 7e712 and  7#b7 by adding at  
the end the following new subsection3   
7e7 ,relief from a judgment or order    
7#a7 ,corrections based on clerical     
mistakes2 oversights and omissions  7,a7
 ,in general ,the ,tax ,court may       

correct a clerical mistake1 or a mistake
 arising from oversight or omission1    
whenever one is found in a judgment1    
order1 or other part of the record4 ,the
 ,tax ,court may do so on motion or on  
its own1 with or without notice4  7,b7  
,appellate court leave required on      
appeal ,after an appeal has been        
docketed in the appellate court1 and    
while such appeal is pending1 any such  
mistake may be corrected only with the  
appellate court's leave4  7#b7 ,grounds 
for relief from a final judgment or     
order ,on motion and just terms1 the    
,tax ,court may relieve a party or its  
legal representative from a final       
judgment or order for any of the        
following reasons3 7,a7 ,mistake1       
inadvertence1 surprise1 or excusable    
neglect4  7,b7 ,newly discovered        
evidence that1 with reasonable          
diligence1 could not have been          
discovered in time to move for a new    
trial under rules prescribed by the     
,court and that would have a reasonable 

likelihood of changing the outcome4     
7,c7 ,fraud 7whether previously called  
intrinsic or extrinsic71                
misrepresentation1 or misconduct by an  
opposing party4  7,d7 ,the judgment is  
void4  7,e7 ,any other circumstance     
where justice so requires4  7#c7 ,timing
 and effect of the motion  7,a7 ,timing 
,a motion under paragraph 7#b7-- 7i7    
must be made within a reasonable time1  
and  7ii7 in the case of a reason       
described in subparagraphs 7,a71 7,b71  
or 7,c71 not later than #a year after   
the entry of the judgment or order4     
7,b7 ,effect on finality ,while pending1
 any such motion does not affect the    
judgment's finality or suspend its      
operation4  7#d7 ,other powers to grant 
relief ,this subsection shall not limit 
the ,tax ,court's power to set aside a  
judgment for fraud on the ,tax ,court4  
7#e7 ,court of appeals jurisdiction ,if 
the ,tax ,court provides relief from a  
judgment or order that is otherwise     
final under this section1 either or both

 parties may obtain review of such      
relief by filing a notice of appeal     
under this subchapter within #ij days of
 the ,court's judgment or order         
directing such relief4  4