A House Appropriations subcommittee adopted a 2023 funding package on Thursday
A $100 million increase in the Technology Modernization Fund and a $35 million boost in the IRS's modernization programmes
The Subcommittee on Financial Services and General Government cleared the bill on a voice vote, approving it unanimously
The Office of Personnel Management will also receive $448 million from the legislation, which is one of 12 spending measures being crafted by the committee
Legislation signed into law by OPM provides for the agency's working capital fund created under the Modernizing Government Technology Act (MGTA) to continue to grow
The Small Business Administration will keep its working capital fund, which is also supported by this measure
The IRS's budget for fiscal year 2023 is $13.6 billion, an increase of $1 billion over the previous year
The tax agency will receive $310 million to update and replace decades-old IT systems as part of the modernization drive
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