S. 132

119 S132 IS: Filing Relief for Natural Disasters Act
 U.S. Senate
 2025-01-16
 text/xml
 EN
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 II  119th CONGRESS  1st Session  S. 132  IN THE SENATE OF THE UNITED STATES   January 16, 2025   Ms. Cortez Masto  (for herself,  Mr. Kennedy ,  Mrs. Blackburn , and  Mr. Van Hollen ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
1.
Short title
This Act may be cited as the   Filing Relief for Natural Disasters Act  .
2.
Modification of rules for postponing certain deadlines by reason of disaster
(a)
Authority To postpone Federal tax deadlines by reason of State-Declared disasters
 Section 7508A  of the Internal Revenue Code of 1986 is amended by redesignating subsections (c), (d), and (e) as subsections (d), (e), and (f), respectively, and by inserting after subsection (b) the following new subsection:
(c)
Special rule for State-Declared disasters
(1)
In general
The Secretary may, upon the written request of the Governor of a State (or the Mayor, in the case of the District of Columbia), apply the rules of subsection (a) to a qualified State declared disaster in the same manner as a disaster, fire, or action otherwise described in subsection (a).
(2)
Qualified State declared disaster
For purposes of this section, the term  qualified State declared disaster  means, with respect to any State, any natural catastrophe (including any hurricane, tornado, storm, high water, winddriven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, or drought), or, regardless of cause, any fire, flood, or explosion, in any part of the State, which in the determination of the Governor of such State (or the Mayor, in the case of the District of Columbia) causes damage of sufficient severity and magnitude to warrant the application of the rules of this section.
(3)
State
For purposes of this section, the term  State  includes the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands.
 .
(b)
Mandatory extensions extended to 120 days
Section 7508A(e) of such Code, as redesignated by subsection (a), is amended—
(1)
by striking  60 days  in paragraph (1)(B) thereof and inserting  120 days ,
(2)
by striking  60-day  in paragraph (6) thereof and inserting  120-day , and
(3)
by striking
60 -day   in the heading and inserting
120 -day  .
(c)
Effective date
The amendments made by this section shall apply to declarations made after the date of the enactment of this Act.