Tax-Related Provisions of Administration's Proposed National Drug Control Strategy Implementation Act : Scheduled for Markup Consideration By the Committee On Ways And Means On July 18, 1990 Jcx-20-90

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The Anti-Drug Abuse Act of 1988 provided a special rule permitting the IRS to disclose these information returns to other Federal agencies, for the purpose of the administration of Federal criminal statutes. There is no statutory requirement that these other Federal agencies show that they have reasonable cause to obtain access to this confidential information. This special rule is scheduled to expire after November 10, 1990.
Administration Proposal The Administration has proposed that this pro
...vision be extended through November 10, 1992.
3. Criminal Penalties With Respect to $10,000 Cash Reporting Present Law The Anti-Drug Abuse Act of 1988 provided that any willful violation related to the filing of returns relating to cash receipts of more than $10,000 received in the course of conducting a trade or business is, upon conviction, a misdemeanor punishable by a fine or imprisonment not to exceed 5 years, or both. (Prior to this Act, the maximum prison term was one year.) Administration Proposal The Administration has proposed that these violations be felonies instead of misdemeanors, effective on the date of enactment.


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