Federal Receivership Fairness Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5146 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5146 To amend the Internal Revenue Code of 1986 to provide for certain rules regarding determination of tax in the case of a receivership. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 4, 2025 Mr. LaHood (for himself and Mr. Beyer) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for certain rules regarding determination of tax in the case of a receivership. 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 ``Federal Receivership Fairness Act''. SEC. 2. DETERMINATION OF TAX LIABILITY OF RECEIVERSHIP ESTATE. (a) In General.--Subchapter B of chapter 70 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 6874. DETERMINATION OF TAX LIABILITY BY COURTS. ``(a) In General.--Except as provided in subsection (b), the court appointing a receiver in any receivership proceeding before any court of the United States or of any State or the District of Columbia may determine the amount or legality of any Federal tax, any fine or penalty relating to such a tax, or any addition to such tax, whether or not previously assessed, whether or not paid, and whether or not contested before and adjudicated by a judicial or administrative tribunal of competent jurisdiction. ``(b) Exceptions.--The court described in subsection