What does Preamble of Tax Court Parity Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The stated purpose is to clarify the Tax Court's authority to order relief from a judgment or order.

What does SHORT TITLE. of Tax Court Parity Act do?

This bill is formally titled the Tax Court Parity Act

What does CLARIFICATION OF TAX COURT AUTHORITY TO ORDER RELIEF FROM A of Tax Court Parity Act do?

This section amends Section 7481 of the Internal Revenue Code of 1986. It expands the Tax Court's authority to order relief from a judgment or order. The Tax Court can correct clerical mistakes, oversights, or omissions in a judgment, order, or record, with or without notice, but appellate court leave is required if an appeal is pending. The Tax Court may grant relief from a final judgment or order based on grounds such as mistake, newly discovered evidence, fraud, or if the judgment is void. Motions for relief must be made within a reasonable time, and generally within one year of the judgment's entry. The motion for relief does not affect the judgment’s finality or suspend its operation while pending. This subsection does not limit the Tax Court’s power to set aside a judgment for fraud on the Tax Court. Parties can seek review of the Tax Court’s relief by filing a notice of appeal within 90 days.

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Tax Court Parity Act

Last updated: 6/11/2026 · Introduced: 6/11/2026

Author: Tim Scott (R-SC)

TL;DR (AI)

The bill amends the Internal Revenue Code to expand the Tax Court's authority to correct errors and grant relief from judgments or orders based on grounds like mistake or fraud.
The Tax Court can now grant relief from final judgments or orders, similar to authority held by other courts, provided motions are filed within a reasonable time, generally one year.
Parties can appeal the Tax Court’s decisions regarding relief from judgment to a federal appellate court within 90 days.

119th Congressin committeeS. 3931(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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