We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Dec 20, 2018.
This bill amends the Internal Revenue Code to make several changes to Internal Revenue Service (IRS) administrative policies and various tax deductions, tax credits, and requirements for tax-favored savings accounts.
The bill includes provisions that:
allow various tax credits, deductions, and modifications to existing rules for individuals and businesses affected by recent natural disasters; modify the requirements for employer-provided retirement plans and Individual Retirement Accounts; expand the purposes for which qualified tuition programs (known as 529 plans) may be used; repeal or delay several health-related taxes; make several technical and other modifications to P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act); modify requirements for the IRS regarding its organizational structure, customer service, whistle-blowers, tax enforcement procedures, management of information technology, and use of electronic systems; prohibit the rehiring of certain IRS employees who were removed for misconduct; establish requirements for cybersecurity and identify protection; and make Tax Court judges subject to the same grounds for disqualification as other federal judges.