Federal Receivership Fairness Act

This bill would let a federal or state court that appoints a receiver decide the amount or legality of federal taxes, fines, and penalties owed by the receivership estate, with some exceptions such as taxes already decided by another tribunal before the receivership began. A receiver could file a tax return and ask the tax agency for a determination; if the agency does not select the return for examination within 60 days, or finish an examination within 180 days, paying the tax shown would discharge the estate and related parties from further liability for that tax. The bill would waive sovereign immunity for the tax agency in these matters and allow the agency to move a case from state court to federal district court. It would also change federal priority-of-payment rules so that receivers acting under this section are not personally liable for paying other debts before federal claims.

Full text and official record on Congress.gov

Sponsors

• Darin LaHood Republican sponsor
• 3 cosponsors