WASHINGTON, June 22 -- Sen. Tim Scott issued the following press release:
U.S. Senators Tim Scott (R-S.C.) and Maggie Hassan (D-N.H.) introduced the Tax Court Parity Act, which would grant the Tax Court authority to review and correct prior decisions in limited circumstances of clerical errors, newly discovered evidence, fraud or misconduct concerns, or defective judgements.
This legislation aims to relieve taxpayers burdened by the current system, address the court's authority, and align their procedures with that of the federal courts to revisit certain final judgements.
"Taxpayers shouldn't pay the price for errors made by the Tax Court, and they shouldn't suffer because of a system riddled with uncertainty," said Sen. Scott. "My bill...