S. 4752 — A bill to amend the Internal Revenue Code of 1986 to increase criminal and civil penalties for unauthorized disclosure of taxpayer information, and for other purposes.

S. 4752 — A bill to amend the Internal Revenue Code of 1986 to increase criminal and civil penalties for unauthorized disclosure of taxpayer information, and for other purposes. | JustPolicyThe purpose of this legislation is to strengthen the protections around taxpayer information by increasing the penalties for unauthorized disclosures. It aims to deter individuals and organizations from mishandling sensitive taxpayer data, thereby enhancing the overall security of such information. Key provisions of the legislation include significant increases in both criminal and civil penalties for unauthorized disclosures. For criminal offenses, the maximum fine has been raised from $5,000 to $250,000, and the potential prison sentence has been extended from five years to seven years.