Summary: H.R.5923 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5923. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/25/1990)

Taxpayer Regulatory Relief Act of 1990 - Amends the Internal Revenue Code to repeal the authority of the Secretary of the Treasury to prescribe the extent to which rules and regulations may be applied without retroactive effect (or with it).

Requires all final, temporary, or proposed regulations and rulings issued by the Secretary to apply prospectively from the date of publication in the Federal Register, unless the Congress supersedes such treatment.