S 588 United States Senate · 119th Congress

Presidential Audit and Tax Transparency Act

This bill requires the Internal Revenue Service to conduct audits of the income tax returns of Presidents and certain related individuals (including spouses, estates, and trusts) and to publicly disclose specific information about those audits. The IRS must provide an initial report within 90 days of a tax return being filed, followed by periodic reports every 180 days, and a final report within 90 days of audit completion. The bill also requires Presidents to include their three most recent tax returns in required reports, and presidential candidates to include them within 15 days of nomination. The IRS would provide these returns to the Office of Government Ethics or Federal Election Commission upon request, with certain personal information redacted before public disclosure.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 13, 2025 Last action Feb 13, 2025
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Committee
1
Feb 13, 2025
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 13, 2025
Introduced
Introduced in Senate
upper
1 primary · 8 co-sponsors

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