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This bill amends the Internal Revenue Code to expand the disclosure of certain business tax return information to federal statistical agencies. Specifically, it allows the Internal Revenue Service to share business tax data with the Bureau of Economic Analysis and creates a new authorization for sharing data with the Bureau of Labor Statistics for purposes of conducting economic censuses, national economic accounts, and related statistical activities. The disclosed information is limited to identifying business information (names, addresses, identification numbers, industry codes) and aggregate financial data (gross receipts, revenues, employee counts, wages), and recipients must maintain safeguards to prevent identification of individual taxpayers.
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