A bill to amend the Internal Revenue Code of 1986 to authorize the Secretary of the Treasury to abate the accrual of interest on income tax underpayments by taxpayers located in Presidentially declared disaster areas if the Secretary extends the time for filing returns and payment of tax for such taxpayers.
Disaster Victim Tax Extension Act of 1998 - Amends the Taxpayer Relief Act to provide for abatement of interest on taxpayer underpayments in presidentially declared disaster areas if a filing and payment extension is granted.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3788-3789)
Read twice and referred to the Committee on Finance.
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