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Congress·In Committee·S. 132

Filing Relief for Natural Disasters Act

Sen. Cortez Masto Introduces Bipartisan Bill to Double Tax Filing Extensions After Natural Disasters

This bill is currently in the early stages of the legislative process. It was recently sent to the Senate Committee on Finance for review. There are no upcoming votes scheduled at this time.

Passage Likelihood

55%Possible

This bill has strong support from both parties and addresses a common problem, but it still needs to move through the committee process and gain floor time.

  • ·Bipartisan cosponsors
  • ·Referred to Senate Finance Committee
  • ·Addresses non-controversial disaster relief

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill allows state governors (or the D.C. Mayor) to ask the IRS to postpone federal tax deadlines after a state-declared disaster, even without a federal disaster declaration. This fills a gap where people affected by serious disasters sometimes couldn't get tax relief because the federal government hadn't officially declared an emergency.

    From policy text

    The 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).
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  • The bill doubles the mandatory tax filing extension from 60 days to 120 days after a disaster. This gives families and businesses four months instead of two to get their financial records together and file their taxes without facing penalties.

    From policy text

    by striking ``60 days'' in paragraph (1)(B) thereof and inserting ``120 days''
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  • The types of disasters covered are broad, including hurricanes, tornadoes, earthquakes, volcanic eruptions, wildfires, floods, droughts, snowstorms, and more. The governor decides if the damage is severe enough to justify requesting tax relief.

    From policy text

    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
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  • Coverage extends beyond the 50 states to include Washington D.C., Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. The changes apply to disaster declarations made after the bill becomes law.

    From policy text

    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
    View in full text
Taxes

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions
Jan 16, 2025Senate

Read twice and referred to the Committee on Finance.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jan 16, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Source Information

Document Type

Congressional Bill

Official Title

Filing Relief for Natural Disasters Act

Bill NumberS 132
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.

Sponsor

Cosponsors

(4)
D: 1R: 3

Analysis generated by AI. Always verify with official sources.