To increase criminal penalties for fraud and false statements.
What it does: Rewrites page 2, line 13
Sen. Max Baucus (D-MT)The Congressional Record cuts off the end of this amendment, so some changes may be missing.
Rewrites page 2, line 13
ReplacesRemoves page 2, line 13.
Inserted: (b) Increase in Penalties.--
Inserted: (1) Attempt to evade or defeat tax.--Section 7201 is amended--
Inserted: (A) by striking "$100,000" and inserting "$250,000",
Inserted: (B) by striking "$500,000" and inserting "$1,000,000", and
Inserted: (C) by striking "5 years" and inserting "10 years".
Inserted: (2) Willful failure to file return, supply information, or pay tax.--Section 7203 is amended--
Inserted: (A) in the first sentence--
Inserted: (i) by striking "misdemeanor" and inserting "felony", and
Inserted: (ii) by striking "1 year" and inserting "10 years", and
Inserted: (B) by striking the third sentence.
Inserted: (3) Fraud and false statements.--Section 7206(a) (as redesignated by subsection (a)) is amended--
Inserted: (A) by striking "$100,000" and inserting "$250,000",
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Inserted: (B) by striking "$500,000" and inserting "$1,000,000", and
Inserted: (C) by striking "3 years" and inserting "5 years".
Inserted: (c) Effective Date.--The amendments made by
Original wording
On page 2, strike line 13 and insert:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
On page 2, strike line 13 and insert:
(b) Increase in Penalties.--
(1) Attempt to evade or defeat tax.--Section 7201 is amended--
(A) by striking “$100,000” and inserting “$250,000”,
(B) by striking “$500,000” and inserting “$1,000,000”, and
(C) by striking “5 years” and inserting “10 years”.
(2) Willful failure to file return, supply information, or pay tax.--Section 7203 is amended--
(A) in the first sentence--
(i) by striking “misdemeanor” and inserting “felony”, and
(ii) by striking “1 year” and inserting “10 years”, and
(B) by striking the third sentence.
(3) Fraud and false statements.--Section 7206(a) (as redesignated by subsection (a)) is amended--
(A) by striking “$100,000” and inserting “$250,000”,
(B) by striking “$500,000” and inserting “$1,000,000”, and
(C) by striking “3 years” and inserting “5 years”.
(c) Effective Date.--The amendments made by
Legislative Activity
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Senate amendment submitted
May 15, 2003
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Senate amendment submitted
May 15, 2003
Senate amendment agreed to: Amendment SA 624 agreed to in Senate by Voice Vote.
May 15, 2003
Senate amendment proposed (on the floor): Amendment SA 624 proposed by Senator Baucus to Amendment SA 555.(consideration: CR S6409; text: CR S6409)
May 15, 2003
Amendment SA 624 proposed by Senator Baucus to Amendment SA 555. (consideration: CR S6409; text: CR S6409) To increase criminal penalties for fraud and false statements.
May 15, 2003
Amendment SA 624 agreed to in Senate by Voice Vote.
May 15, 2003