The Senate has approved an IRS funding bill. The bill covers the fiscal year (FY) 2019 budget for the IRS. The Senate’s approved IRS budget provides less funding than a House-approved proposal. The Senate appropriations package, which includes the Financial Services and General Government appropriations bill (HR 6147), cleared the Senate by a 92-to-6 vote on August 1.
IRS Funding Bill
The Senate-approved IRS FY 2019 budget bill provides $11.2 billion in base funding. The House’s original bill, HR 6147, cleared the chamber on July 19, providing $11.6 billion in base funding for the Service. The House’s measure would increase IRS funding by $186 million. The bills are expected to be reconciled in conference.
The Senate and House measures both include $77 million for the implementation of tax reform enacted under the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97). The FY 2019 funding allocated for tax reform is in addition to the $320 million the IRS received for tax reform implementation in FY 2018.
The Senate is now on a shortened August recess. Lawmakers should to return to Washington, D.C. the week of August 13. The House should return from its August recess on September 4.
By Jessica Jeane, Wolters Kluwer News Staff