Search Results: keywords:"qualified state declared disaster"

  • H. R. 517 — An Act To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
    Status:Engrossed in House
    Words:615

    The bill H.R. 517, titled the “Filing Relief for Natural Disasters Act,” proposes changes to the Internal Revenue Code of 1986. It gives the Secretary of the Treasury the authority to postpone federal tax deadlines for disasters declared by states, similar to those declared...

    Simple Explanation

    The Filing Relief for Natural Disasters Act helps people and businesses get more time to pay taxes after a big storm or flood, no matter if the President or just the Governor says it's a disaster. It gives them 120 days instead of 60 to do this.

  • S. 132 — To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
    Status:Introduced in Senate
    Words:626

    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.