Bill 119 s 655, also known as the "Hostage Relief Act," is a proposed piece of legislation that aims to amend the Internal Revenue Code of 1986 in order to provide relief for United States nationals who are unlawfully or wrongfully detained or held hostage abroad. The bill seeks to postpone tax deadlines for individuals who are in such situations, as well as reimburse any late fees that may have been incurred as a result of their detainment. The primary goal of the bill is to alleviate some of the financial burdens faced by individuals who find themselves in these difficult and often traumatic circumstances. By postponing tax deadlines and reimbursing late fees, the bill aims to provide some measure of financial relief to those who are unlawfully or wrongfully detained or held hostage abroad. In addition to providing financial relief, the bill also includes provisions for other purposes related to the detainment or hostage situation. While the specifics of these provisions are not outlined in the summary, it can be inferred that they are intended to provide additional support and assistance to individuals in these situations. Overall, Bill 119 s 655 seeks to address the financial challenges faced by United States nationals who are unlawfully or wrongfully detained or held hostage abroad, and to provide them with some measure of relief during what is undoubtedly a difficult and trying time.
Bill 119 s 655, also known as the "Hostage Relief Act," is a proposed piece of legislation that aims to amend the Internal Revenue Code of 1986 in order to provide relief for United States nationals who are unlawfully or wron...