Bill > HR7791

This bill, the Stop Tax Penalties on American Hostages Act of 2024, aims to amend the Internal Revenue Code to postpone tax deadlines and reimburse paid late fees for U.S. nationals who are unlawfully or wrongfully detained or held hostage abroad. The key provisions include: 1. Disregarding the period during which an "applicable individual" (a U.S. national unlawfully or wrongfully detained abroad, or taken hostage abroad) was detained or held hostage when determining tax liabilities, interest, penalties, and credits or refunds. 2. Requiring the Secretary of State and the Attorney General to provide the IRS with a list of these "applicable individuals" annually, starting in 2025. 3. Establishing a program for the IRS to allow eligible individuals (or their spouses/dependents) to apply for a refund or abatement of any penalties or fines paid during the applicable period from January 1, 2021, to the date of enactment. Overall, the bill is intended to provide relief and support for U.S. citizens who have been wrongfully detained or taken hostage abroad, by ensuring they are not penalized for tax-related issues that arose during their detainment.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/7791/all-info