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H.R. 4885, IRS Oversight While Eliminating Spending (OWES) Act of 2016 (CBO Report for Congress)

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Congress 114th
Date Requested April 13, 2016
Requested By House Committee on Ways and Means
Date Sent April 18, 2016
Description:

Under current law, the Internal Revenue Service (IRS) is authorized to establish or increase fees for some of its services and to spend those fees without further appropriation. H.R. 4885 would amend current law to require that the spending of those user fees would be subject to annual appropriation.

CBO estimates that enacting H.R. 4885 would reduce direct spending by $3.4 billion over the 2017-2026 period; therefore pay-as-you-go procedures apply. Enacting the bill would not affect revenues. CBO also estimates that implementing the bill would increase the need for appropriations for the IRS by $3.4 billion over the 2017-2026 period.

CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.

The staff of the Joint Committee on Taxation has determined that H.R. 4885 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

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