Senate Subpanel Proposes $12.5B IRS Budget For FY 2013

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A Senate Appropriations subcommittee is proposing a six percent increase in fiscal year 2013 funding for the Internal Revenue Service, the Washington Post reports.

According to Eric Yoder, legislation from the financial services and general government subcommittee would give the IRS $12.5 billion for fiscal 2013.

The White House’s request was two percent higher than what the lawmakers proposed, Yoder reports.

Lawmakers recommend the IRS should use the funds for automated self-service applications, addressing offshore tax evasion cases and other tax collection issues.

Under the House’s proposed funding bill, the agency would receive $11.8 billion for fiscal 2013.

The full Senate Appropriations Committee is scheduled to vote on the bill Thursday, according to Yoder.

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