Tax Court Parity Act

The Tax Court Parity Act amends the Internal Revenue Code to clarify the Tax Court's authority to correct errors or grant relief from final judgments. It allows the court to fix clerical mistakes at any time and provides specific grounds for overturning final decisions, including new evidence, fraud, or circumstances where justice requires it. The bill sets a one-year deadline for most motions to overturn a judgment and ensures that pending motions do not delay the original ruling. Additionally, it establishes a 90-day window for parties to appeal any new relief granted by the Tax Court.