<?xml version="1.0" encoding="UTF-8" ?>

      <rss version="2.0">		
        <channel>
          <title>WashingtonWatch.com - H.R. 3056, The Tax Collection Responsibility Act of 2007</title>
          <link>http://www.washingtonwatch.com/bills</link>
          <description></description>
          <managingEditor>info@washingtonwatch.com</managingEditor>
          <generator>http://www.pjdoland.com/chai/?v=0.1</generator>
          
<item>
<title>Comment by Milo (October 21, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22330</link>
<description>According to this law, non US citizens who return to their own country would have to pay to the US government an unrealized capital gain tax on their worldwide assets.  This is simply a non-sense and an abuse that will make smart people think twice before moving to the US. Putting an &quot;exit-ticket&quot; is a clear indication of where this country is going!...</description>
<guid isPermaLink="false">22330@http://www.washingtonwatch.com</guid>
<pubDate>Sun, 21 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Comment by Milo (October 21, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22331</link>
<description>What makes the US legislators state that all non US citizens who have resided in the US and return to their country of origin, do so to avoid paying US taxes???...</description>
<guid isPermaLink="false">22331@http://www.washingtonwatch.com</guid>
<pubDate>Sun, 21 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Comment by Milo (October 21, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22333</link>
<description>Resident aliens who return to their county of origin do not &quot;expatriate&quot; but &quot;REPATRIATE&quot; and should not be subjected to any limitation in exercising this right....</description>
<guid isPermaLink="false">22333@http://www.washingtonwatch.com</guid>
<pubDate>Sun, 21 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 16, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=11388</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - (Sec. 2) Repeals the authority of the Internal Revenue Service (IRS) to enter into private debt collection contracts. Exempts contracts entered into before July 18, 2007, if such contracts are not renewed or extended after such date. Nullifies any contract entered into, extended, or renewed on or after July 18, 2007.&lt;/p&gt;

&lt;p&gt;(Sec. 3) Delays until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies.&lt;/p&gt;

&lt;p&gt;Requires the Secretary of the Treasury to report to the House Committee on Ways and Means and the Senate Committee on Finance on issues relating to the administration of the withholding requirement.&lt;/p&gt;

&lt;p&gt;(Sec. 4) Treats income tax returns filed with the U.S. Virgin Islands by an individual claiming to be a bona fide resident of the Virgin Islands during the entire taxable year as filed with the United States for tax administration purposes.&lt;/p&gt;

&lt;p&gt;(Sec. 5) Sets forth additional rules for the tax treatment of high-income individuals who relinquish U.S. citizenship or residency to avoid U.S. taxation (expatriates). Treats all property of expatriates as sold for its fair market value on the day before the expatriation date and includes gain (over $600,000) or loss from such sale in the gross income of such expatriates. Allows expatriates to elect to defer payment of any tax resulting from expatriation if adequate security for payment of such tax is given.&lt;/p&gt;

&lt;p&gt;Requires 30% withholding of tax for certain items of deferred compensation payable to expatriates.&lt;/p&gt;

&lt;p&gt;Imposes a separate tax on gifts and bequests from expatriates exceeding $10,000, payable by the recipient of such gift or bequest.&lt;/p&gt;

&lt;p&gt;(Sec. 6) Repeals provisions providing for a 36-month suspension of interest and penalties on tax underpayments for taxpayers who had not been notified of a tax deficiency by the IRS.&lt;/p&gt;

&lt;p&gt;(Sec. 7) Increases penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements.&lt;/p&gt;

&lt;p&gt;(Sec. 8) Increases to 115.25% the rate for estimated tax payments for certain large corporations in the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/15/2007: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11388@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 16 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 15, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>10/15/2007: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Finance.</description>
<guid isPermaLink="false">26395@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 15 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 15, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>10/15/2007: Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Finance.</description>
<guid isPermaLink="false">28738@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 15 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 12, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=11311</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - (Sec. 2) Repeals the authority of the Internal Revenue Service (IRS) to enter into private debt collection contracts. Exempts contracts entered into before July 18, 2007, if such contracts are not renewed or extended after such date. Nullifies any contract entered into, extended, or renewed on or after July 18, 2007.&lt;/p&gt;

&lt;p&gt;(Sec. 3) Delays until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies.&lt;/p&gt;

&lt;p&gt;Requires the Secretary of the Treasury to report to the House Committee on Ways and Means and the Senate Committee on Finance on issues relating to the administration of the withholding requirement.&lt;/p&gt;

&lt;p&gt;(Sec. 4) Treats income tax returns filed with the U.S. Virgin Islands by an individual claiming to be a bona fide resident of the Virgin Islands during the entire taxable year as filed with the United States for tax administration purposes.&lt;/p&gt;

&lt;p&gt;(Sec. 5) Sets forth additional rules for the tax treatment of high-income individuals who relinquish U.S. citizenship or residency to avoid U.S. taxation (expatriates). Treats all property of expatriates as sold for its fair market value on the day before the expatriation date and includes gain (over $600,000) or loss from such sale in the gross income of such expatriates. Allows expatriates to elect to defer payment of any tax resulting from expatriation if adequate security for payment of such tax is given.&lt;/p&gt;

&lt;p&gt;Requires 30% withholding of tax for certain items of deferred compensation payable to expatriates.&lt;/p&gt;

&lt;p&gt;Imposes a separate tax on gifts and bequests from expatriates exceeding $10,000, payable by the recipient of such gift or bequest.&lt;/p&gt;

&lt;p&gt;(Sec. 6) Repeals provisions providing for a 36-month suspension of interest and penalties on tax underpayments for taxpayers who had not been notified of a tax deficiency by the IRS.&lt;/p&gt;

&lt;p&gt;(Sec. 7) Increases penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements.&lt;/p&gt;

&lt;p&gt;(Sec. 8) Increases to 115.25% the rate for estimated tax payments for certain large corporations in the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/10/2007: Passed/agreed to in House. Status: On passage Passed by recorded vote: 232 - 173 (Roll no. 960).&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11311@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 12 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 11, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=11238</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - (Sec. 2) Repeals the authority of the Internal Revenue Service (IRS) to enter into private debt collection contracts. Exempts contracts entered into before July 18, 2007, if such contracts are not renewed or extended after such date. Nullifies any contract entered into, extended, or renewed on or after July 18, 2007.&lt;/p&gt;

&lt;p&gt;(Sec. 3) Delays until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies.&lt;/p&gt;

&lt;p&gt;Requires the Secretary of the Treasury to report to the House Committee on Ways and Means and the Senate Committee on Finance on issues relating to the administration of the withholding requirement.&lt;/p&gt;

&lt;p&gt;(Sec. 4) Treats income tax returns filed with the U.S. Virgin Islands by an individual claiming to be a bona fide resident of the Virgin Islands during the entire taxable year as filed with the United States for tax administration purposes.&lt;/p&gt;

&lt;p&gt;(Sec. 5) Sets forth additional rules for the tax treatment of high-income individuals who relinquish U.S. citizenship or residency to avoid U.S. taxation (expatriates). Treats all property of expatriates as sold for its fair market value on the day before the expatriation date and includes gain (over $600,000) or loss from such sale in the gross income of such expatriates. Allows expatriates to elect to defer payment of any tax resulting from expatriation if adequate security for payment of such tax is given.&lt;/p&gt;

&lt;p&gt;Requires 30% withholding of tax for certain items of deferred compensation payable to expatriates.&lt;/p&gt;

&lt;p&gt;Imposes a separate tax on gifts and bequests from expatriates exceeding $10,000, payable by the recipient of such gift or bequest.&lt;/p&gt;

&lt;p&gt;(Sec. 6) Repeals provisions providing for a 36-month suspension of interest and penalties on tax underpayments for taxpayers who had not been notified of a tax deficiency by the IRS.&lt;/p&gt;

&lt;p&gt;(Sec. 7) Increases penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements.&lt;/p&gt;

&lt;p&gt;(Sec. 8) Increases the percentage rate for estimated tax payments for certain large corporations in the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/10/2007: Passed/agreed to in House. Status: On passage Passed by recorded vote: 232 - 173 (Roll no. 960).&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11238@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 11 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 10, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=10694</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc12&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - (Sec. 2) Repeals the authority of the Internal Revenue Service (IRS) to enter into private debt collection contracts. Exempts contracts entered into before July 18, 2007, if such contracts are not renewed or extended after such date. Nullifies any contract entered into, extended, or renewed on or after July 18, 2007.&lt;/p&gt;

&lt;p&gt;(Sec. 3) Delays until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies.&lt;/p&gt;

&lt;p&gt;Requires the Secretary of the Treasury to report to the House Committee on Ways and Means and the Senate Committee on Finance on issues relating to the administration of the withholding requirement.&lt;/p&gt;

&lt;p&gt;(Sec. 4) Treats income tax returns filed with the U.S. Virgin Islands by an individual claiming to be a bona fide resident of the Virgin Islands during the entire taxable year as filed with the United States for tax administration purposes.&lt;/p&gt;

&lt;p&gt;(Sec. 5) Sets forth additional rules for the tax treatment of high-income individuals who relinquish U.S. citizenship or residency to avoid U.S. taxation (expatriates). Treats all property of expatriates as sold for its fair market value on the day before the expatriation date and includes gain (over $600,000) or loss from such sale in the gross income of such expatriates. Allows expatriates to elect to defer payment of any tax resulting from expatriation if adequate security for payment of such tax is given.&lt;/p&gt;

&lt;p&gt;Requires 30% withholding of tax for certain items of deferred compensation payable to expatriates.&lt;/p&gt;

&lt;p&gt;Imposes a separate tax on gifts and bequests from expatriates exceeding $10,000, payable by the recipient of such gift or bequest.&lt;/p&gt;

&lt;p&gt;(Sec. 6) Repeals provisions providing for a 36-month suspension of interest and penalties on tax underpayments for taxpayers who had not been notified of a tax deficiency by the IRS.&lt;/p&gt;

&lt;p&gt;(Sec. 7) Increases penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements.&lt;/p&gt;

&lt;p&gt;(Sec. 8) Increases the percentage rate for estimated tax payments for certain large corporations in the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc13&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/9/2007: Rules Committee Resolution H. Res. 719 Reported to House. Rule provides for consideration of H.R. 3056 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 or rule XXI. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc14&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc15&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">10694@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 10, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>10/10/2007: Passed/agreed to in House. Status: On passage Passed by recorded vote: 232 - 173 (Roll no. 960).</description>
<guid isPermaLink="false">26317@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 9, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>10/9/2007: Rules Committee Resolution H. Res. 719 Reported to House. Rule provides for consideration of H.R. 3056 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 or rule XXI. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted</description>
<guid isPermaLink="false">26049@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 09 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (September 14, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=9865</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc16&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - (Sec. 2) Repeals the authority of the Internal Revenue Service (IRS) to enter into private debt collection contracts. Exempts contracts entered into before July 18, 2007, if such contracts are not renewed or extended after such date. Nullifies any contract entered into, extended, or renewed on or after July 18, 2007.&lt;/p&gt;

&lt;p&gt;(Sec. 3) Delays until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies.&lt;/p&gt;

&lt;p&gt;Requires the Secretary of the Treasury to report to the House Committee on Ways and Means and the Senate Committee on Finance on issues relating to the administration of the withholding requirement.&lt;/p&gt;

&lt;p&gt;(Sec. 4) Treats income tax returns filed with the U.S. Virgin Islands by an individual claiming to be a bona fide resident of the Virgin Islands during the entire taxable year as filed with the United States for tax administration purposes.&lt;/p&gt;

&lt;p&gt;(Sec. 5) Sets forth additional rules for the tax treatment of high-income individuals who relinquish U.S. citizenship or residency to avoid U.S. taxation (expatriates). Treats all property of expatriates as sold for its fair market value on the day before the expatriation date and includes gain (over $600,000) or loss from such sale in the gross income of such expatriates. Allows expatriates to elect to defer payment of any tax resulting from expatriation if adequate security for payment of such tax is given.&lt;/p&gt;

&lt;p&gt;Requires 30% withholding of tax for certain items of deferred compensation payable to expatriates.&lt;/p&gt;

&lt;p&gt;Imposes a separate tax on gifts and bequests from expatriates exceeding $10,000, payable by the recipient of such gift or bequest.&lt;/p&gt;

&lt;p&gt;(Sec. 6) Repeals provisions providing for a 36-month suspension of interest and penalties on tax underpayments for taxpayers who had not been notified of a tax deficiency by the IRS.&lt;/p&gt;

&lt;p&gt;(Sec. 7) Increases penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements.&lt;/p&gt;

&lt;p&gt;(Sec. 8) Increases the percentage rate for estimated tax payments for certain large corporations in the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc17&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 7/31/2007: Placed on the Union Calendar, Calendar No. 182.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc18&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc19&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">9865@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 14 Sep 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Comment by Joe Bloggs (September 5, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html#21120</link>
<description>The exit tax is a bad idea. Assets such as closely held businesses may not be liquid and taxes cannot be paid on them. The deferral mechanism described in the bill fails to allow for a business going bankrupt after it has been marked-to-market at a high value by the IRS. In this case the owner would have no way to ever pay off the tax obligation created at the time of expatriation....</description>
<guid isPermaLink="false">21120@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 05 Sep 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (August 1, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=6334</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc20&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the authority for the Internal Revenue Service (IRS) to enter into private debt collection contracts; (2) delay until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies; (3) treat tax returns filed by residents of the Virgin Islands as filed in the United States for certain tax administration purposes; (4) revise certain tax rules applicable to persons revoking their U.S. citizenship or permanent residency (expatriates) to avoid payment of U.S. taxes; (5) repeal the suspension of penalties and interest for underpayments of tax for taxpayers who had not been notified of an underpayment; (6) increase penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements; and (7) increase the rate of estimated tax applicable to certain large corporations for the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc21&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 7/31/2007: Placed on the Union Calendar, Calendar No. 182.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc22&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc23&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">6334@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 01 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of July 31, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>7/31/2007: Placed on the Union Calendar, Calendar No. 182.</description>
<guid isPermaLink="false">24507@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 31 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (July 23, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=5301</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc24&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Tax Collection Responsibility Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the authority for the Internal Revenue Service (IRS) to enter into private debt collection contracts; (2) delay until 2012 the requirement for federal, state, and local agencies to withhold 3% of payments for goods and services provided to such agencies; (3) treat tax returns filed by residents of the Virgin Islands as filed in the United States for certain tax administration purposes; (4) revise certain tax rules applicable to persons revoking their U.S. citizenship or permanent residency (expatriates) to avoid payment of U.S. taxes; (5) repeal the suspension of penalties and interest for underpayments of tax for taxpayers who had not been notified of an underpayment; (6) increase penalties for failing to file correct information returns, failing to furnish correct payee statements, and failing to comply with other information reporting requirements; and (7) increase the rate of estimated tax applicable to certain large corporations for the third quarter of 2012.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc25&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 7/18/2007: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 18.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc26&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc27&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">5301@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 23 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (July 21, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=5248</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc28&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc29&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 7/18/2007: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 18.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc30&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc31&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">5248@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 21 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (July 18, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=4638</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc32&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc33&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc34&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc35&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">4638@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 18 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (July 18, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3056.html?rev=4639</link>
<description>&lt;p&gt;H.R. 3056 would amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.&lt;/p&gt;


&lt;h2 id=&quot;toc36&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc37&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 7/17/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc38&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc39&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">4639@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 18 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of July 18, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>7/18/2007: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 18.</description>
<guid isPermaLink="false">24011@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 18 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of July 17, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3056.html</link>
<description>7/17/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">23706@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 17 Jul 2007 00:00:00 EDT</pubDate>
</item>
        </channel>
      </rss>
  		