Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 1491) to amend the Internal Revenue Code of 1986 to make the postponement of certain deadlines by reason of disasters applicable to the limitation on credit or refund, and to take postponements into account for purposes of sending collection notices, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 1491 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Disaster Related Extension of Deadlines Act''. SEC. 2. POSTPONEMENT OF CERTAIN DEADLINES BY REASON OF DISASTERS MADE APPLICABLE TO LIMITATION ON CREDIT OR REFUND. (a) Extension of Time for Filing Return.-- (1) In general.--Section 7508A of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(f) Application to Limitation on Credit or Refund.--For purposes of section 6511(b)(2)(A), any period disregarded under this section with respect to the time prescribed for filing any return of tax shall be treated as an extension of time for filing such return.''. (2) Effective date.--The amendment made by this subsection shall apply to claims filed after the date of the enactment of this Act.…”