Filing Relief for Natural Disasters Act

119 S132 IS: Filing Relief for Natural Disasters Act U.S. Senate 2025-01-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II119th CONGRESS1st SessionS. 132IN THE SENATE OF THE UNITED STATESJanuary 16, 2025Ms. 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 FinanceA BILLTo amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.1.Short titleThis 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 disastersSection 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 generalThe 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 disasterFor 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)StateFor 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 daysSection 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 dateThe amendments made by this section shall apply to declarations made after the date of the enactment of this Act.