Protecting Innocent Taxpayers from Endless Assessments Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4964 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4964

    To amend the Internal Revenue Code of 1986 to clarify that the
exception to the general statute of limitations for fraudulent returns
   applies only when a taxpayer seeks to evade their tax obligations.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             July 14, 2026

Mr. Marshall (for himself and Mr. Welch) introduced the following bill;
     which was read twice and referred to the Committee on Finance

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                                 A BILL

    To amend the Internal Revenue Code of 1986 to clarify that the
exception to the general statute of limitations for fraudulent returns
   applies only when a taxpayer seeks to evade their tax obligations.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Innocent Taxpayers from
Endless Assessments Act''.

SEC. 2. LIMITATION PERIOD NOT EXTENDED FOR VICTIMS OF PREPARER FRAUD.

    (a) In General.--Section 6501(c)(1) of the Internal Revenue Code of
1986 is amended by inserting ``by the taxpayer'' after ``intent''.
    (b) Effective Date.--The amendment made by this section shall apply
to assessments made or proceedings begun after the date of enactment of
this Act.
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