A bill to extend the time for filing certain claims for income tax refunds for 1970 based on the sick pay exclusion under section 105(d) of the Internal Revenue Code of 1954 in the case of certain taxpayers who have not reached the mandatory retirement age under their employer's retirement plan.

Extends, for 60 days from the date of enactment of this Act, the time for filing claims for income tax refunds for 1970 based on the sick pay exclusion under the Internal Revenue Code in the case of a taxpayer who on December 31, 1969, was an employee who had not reached the mandatory retirement age under a plan of the employer which provided retirement benefits for the employee, if refunded or credit of any overpayment of income tax for a taxable year ending on December 31, 1970, and resulting from the application of the sick pay exclusion provisions of the Code, is presented on the date of enactment of this Act or within 60 days after such date by the operation of res judicata, a period of limitations, or any other law or rule of law.