H.R. 9495, titled the “Stop Terror-Financing and Tax Penalties on American Hostages Act,” aims to amend the Internal Revenue Code of 1986. The bill proposes postponing tax deadlines and reimbursing late fees for U.S. nationals who are unlawfully detained or held hostage abroad. Additionally,...
Simple Explanation
In this bill, if someone from America is being unfairly kept in another country, they can wait to pay their taxes without any late fees, and groups that help bad guys may lose their special money-saving status.