Bill · S. 5142· Senate(119-S-5142)
A bill to amend the Internal Revenue Code of 1986 to improve the process for providing refunds to taxpayers.
- Introduced
- 7/28/2026
- Last activity
- 7/28/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Michael Bennet
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill aims to improve how tax refunds are given to taxpayers by amending the Internal Revenue Code of 1986. It was introduced in the Senate on July 28, 2026, by Mr. Bennet and Mr. Cassidy. Specifically, the legislation introduces a new rule for automating a refund offset bypass for certain individuals. An applicable taxpayer is defined as someone classified by the Secretary as currently not collectible prior to the refund request date. The changes made by this section apply to offsets made after the date that is 12 months after the bill's enactment.
Yes
Would households on low incomes be better off under this?+5
The bill provides quicker access to refunds for those classified as not collectible, which typically applies to lower-income taxpayers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Section 1(a) adds a special rule under section 6402(a)(2) that requires the Secretary to refund an overpayment to an applicable taxpayer in an amount not to exceed the allowed credit under section 32. This is positive because it ensures certain struggling taxpayers can receive a portion of their refunds rather than having the full amount automatically taken away.
Potential Negative Impacts for People
- Based strictly on the provided text, there are no specific negative impacts, consequences, or burdens explicitly mentioned for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+5
- 7/28/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Bill CassidyRepublican · Louisiana