US Federal 2023-2024 Regular Session

US Federal House Bill HB1898

Introduced
3/29/23  

Caption

To provide for a limitation on availability of funds for Joint Items, Joint Committee on Taxation for fiscal year 2024.

Impact

The legislation significantly impacts budgetary processes within the federal government, particularly concerning how much funding can be allocated toward tax assessment and administrative capabilities for the Joint Committee on Taxation. By establishing this cap, the bill aims to enforce fiscal discipline within the framework of government operations, ensuring that expenditures do not surpass predetermined thresholds. This can lead to potential reallocations or adjustments in how tax issues are addressed, which may influence ongoing fiscal discussions at the national level.

Summary

House Bill 1898 aims to impose a limitation on the availability of funds allocated to the Joint Items, specifically for the Joint Committee on Taxation, for the fiscal year 2024. The bill outlines that the total amount authorized for appropriation or otherwise made available must not exceed $11,169,000. This figure provides a cap intended to manage and control expenditures associated with this particular committee, which plays a crucial role in analyzing tax-related legislation and informing policymakers.

Contention

Notably, the bill could spark debate regarding the adequacy of funding for the Joint Committee on Taxation, with possible concerns raised by members of Congress about whether this limit will hinder the committee's ability to perform necessary functions effectively. Proponents of the bill might argue that such limitations are necessary for oversight and control over government spending. Conversely, opponents may express fears that reducing the budget could impair the committee's capacity to conduct comprehensive tax studies and oversight, ultimately affecting legislative outcomes related to taxation.

Companion Bills

No companion bills found.

Previously Filed As

US HB1042

An Act For Arkansas Legislative Audit Of The Legislative Joint Auditing Committee Appropriation For The 2026-2027 Fiscal Year.

US HB1042

AN ACT FOR ARKANSAS LEGISLATIVE AUDIT OF THE LEGISLATIVE JOINT AUDITING COMMITTEE APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

US HB1084

An Act For Arkansas Legislative Audit Of The Legislative Joint Auditing Committee Appropriation For The 2025-2026 Fiscal Year.

US LD136

An Act to Transfer the Responsibility for Tax Expenditure Review from the Government Oversight Committee to the Joint Standing Committee on Taxation

US H4026

Capital Reserve Fund

US HJR67

Fair school funding reform; joint committee of various House and Senate committees to study.

US H5127

Capital Reserve Fund, appropriations

US HB4432

Revenue and taxation; adjustments; eliminating limitation on itemization of wagering losses for certain tax years; effective date.

US HR1528

Joint Study Committee on Higher Education Fiscal Stewardship; create

US SR117

A resolution providing for members on the part of the Senate of the Joint Committee on Printing and the Joint Committee of Congress on the Library.

Similar Bills

No similar bills found.