Us Congress 2023-2024 Regular Session

Us Congress House Bill HB4326

Introduced
6/23/23  

Caption

PRIDE Act of 2023 Promoting Respect for Individuals’ Dignity and Equality Act of 2023

Impact

If enacted, HB4326 will significantly impact how legally married same-sex couples file their taxes by extending the time frame in which they can amend their filing status. This means that individuals who may have filed separately due to the lack of recognition of their marriage at the time will have the opportunity to amend their returns as joint filers, potentially leading to tax refunds for prior years. This amendment aims to create fairness in tax treatment and ensure that legally married couples are not penalized by previous rulings that did not recognize their marriage status.

Summary

House Bill 4326, formally known as the 'Promoting Respect for Individuals' Dignity and Equality Act of 2023' (the PRIDE Act), addresses the issue of tax filing for legally married same-sex couples. It intends to amend the Internal Revenue Code of 1986 to allow these couples to amend their tax filing status outside the statute of limitations. This legislation aims to clarify that all provisions of the tax code apply equally to same-sex couples, similar to how they apply to opposite-sex couples. By doing so, it seeks to eliminate any regulatory disparities based on sexual orientation.

Contention

While the bill has garnered support from various advocacy groups pushing for equality, there may be contention regarding its implementation and effects on tax revenue. Opposition could arise from those who argue that extending the statute of limitations could complicate tax administration or lead to financial implications for the federal budget. Nevertheless, supporters of the bill argue that it is a necessary step towards rectifying the injustices faced by married same-sex couples and aligning the tax code with the principles of marriage equality.

Companion Bills

US SB2171

Related Refund Equality Act of 2023

US HB4322

Related Equal Dignity for Married Taxpayers Act of 2023

US SB2221

Related Equal Dignity for Married Taxpayers Act of 2023

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