S. 132 seeks to change the Internal Revenue Code to allow for more flexibility in postponing federal tax deadlines when a state declares a disaster. The bill enables the Secretary of the Treasury to apply disaster relief tax rules, usually reserved for federally declared...
Simple Explanation
S. 132 wants to change the rules so people get more time to pay their taxes when bad things happen, like natural disasters, in their town or state. It lets state leaders say that a disaster has happened, and people would then get extra time (up to four months) to fix their tax stuff.