Stop Tax Penalties on American Hostages Act

House Bill 5872 - Stop Tax Penalties on American Hostages Act: Overview, Status, and Impact

Hozzl · 2023-12-15T16:02:48Z

Explore the details of House Bill 5872 Stop Tax Penalties on American Hostages Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:02 PM

Congressional Summary of HR 5872

Stop Tax Penalties on American Hostages Act

This bill postpones certain tax filing deadlines for U.S. nationals and their spouses who are unlawfully or wrongfully detained abroad or held hostage abroad. It also allows for a refund and abatement of penalties and fines paid by detained individuals.

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Current Status of Bill HR 5872

Bill HR 5872 is currently in the status of Bill Introduced since October 2, 2023. Bill HR 5872 was introduced during Congress 118 and was introduced to the House on October 2, 2023. Bill HR 5872's most recent activity was Referred to the House Committee on Ways and Means. as of October 2, 2023

Bipartisan Support of Bill HR 5872

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5872

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5872

Stop Tax Penalties on American Hostages Act

To amend the Internal Revenue Code of 1986 to postpone tax deadlines and reimburse paid late fees for United States nationals who are unlawfully or wrongfully detained or held hostage abroad, and for other purposes.