S.4752

Increases criminal and civil penalties for unauthorized disclosure of taxpayer information.

The bill amends the Internal Revenue Code to increase criminal and civil penalties for unauthorized disclosure of taxpayer information. It raises the maximum fine for unauthorized disclosures from $5,000 to $250,000 and increases the maximum imprisonment term from 5 years to 7 years. Additionally, it imposes criminal penalties on IRS contractors who fail to implement or enforce confidentiality requirements, resulting in unauthorized disclosures. The amendments apply to disclosures made after the bill's enactment.