Bill > HR517

This bill modifies the Internal Revenue Code to provide more flexible tax filing relief for individuals and businesses affected by natural disasters. Specifically, the bill expands the authority of the Secretary of the Treasury to postpone federal tax deadlines for state-declared disasters, after consulting with the Federal Emergency Management Agency (FEMA). Under the new provisions, a state governor (or the Mayor of Washington D.C.) can request tax deadline extensions for a "qualified State declared disaster," which includes natural catastrophes like hurricanes, tornadoes, earthquakes, floods, and other significant events that cause substantial damage. The bill also extends the mandatory deadline extension from 60 to 120 days, providing more time for affected taxpayers to file and pay their taxes. The definition of "State" for these purposes is broadened to include U.S. territories like Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. These changes will apply to disaster declarations made after the bill's enactment, helping to provide more comprehensive and timely tax relief to communities impacted by natural disasters.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/517/all-info