Bill > S2581

This bill, the Automatic Relief for Taxpayers Affected by Major Disasters and Critical Events Act, aims to amend the Internal Revenue Code of 1986 to provide relief for taxpayers affected by disasters or other critical events. The key provisions of the bill include: 1. Modifying the automatic extension of certain tax filing deadlines for taxpayers affected by federally declared disasters, by extending the deadline based on the later of the earliest incident date or the date the declaration was issued. 2. Allowing more flexibility in postponing certain tax-related acts, such as filing a petition with the Tax Court, for individuals serving in a combat zone or contingency operation. 3. Tolling (pausing) the time period for filing a petition with the Tax Court if the filing location is inaccessible or unavailable to the public on the due date, for the duration of the inaccessibility plus an additional 14 days. The bill aims to provide automatic relief and flexibility for taxpayers affected by major disasters and critical events, helping them navigate their tax obligations during these challenging times.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/2581/all-info