Tax Court Parity Act

This bill changes federal tax law to spell out when the U.S. Tax Court can change or undo its own judgments and orders. The Tax Court could fix clerical mistakes and errors from oversight at any time, but once an appeal is filed and pending, it would need the appeals court's permission. A party could ask the Tax Court to set aside a final judgment for reasons such as mistake, newly discovered evidence, fraud, a void judgment, or when justice requires it. Some of these requests would have to be filed within one year, and either party could appeal the Tax Court's decision to grant relief within 90 days.

Full text and official record on Congress.gov

Sponsors

• Tim Scott Republican sponsor
• 1 cosponsors