0
0

Automatic Relief for Taxpayers Affected by Major Disasters and Critical Events Act

1/1/2023, 8:19 PM

Summary of Bill HR 5027

Bill 117 HR 5027, also known as the Automatic Relief for Taxpayers Affected by Major Disasters and Critical Events Act, aims to provide automatic tax relief for individuals and businesses impacted by major disasters and critical events. The bill seeks to streamline the process for taxpayers to receive relief by automatically providing extensions for filing tax returns, making tax payments, and other tax-related deadlines in the event of a major disaster or critical event.

The bill recognizes that individuals and businesses affected by disasters such as hurricanes, wildfires, and other catastrophic events may face challenges in meeting their tax obligations due to the disruption caused by these events. By providing automatic relief, the bill aims to alleviate the burden on taxpayers and allow them to focus on recovering from the disaster.

Under the provisions of the bill, the IRS would be required to automatically provide relief to taxpayers in designated disaster areas without the need for individuals or businesses to request it. This would ensure that those affected by disasters receive timely and efficient assistance from the IRS. Overall, the Automatic Relief for Taxpayers Affected by Major Disasters and Critical Events Act seeks to provide a more streamlined and efficient process for taxpayers to receive relief in the event of a major disaster or critical event. By automating the relief process, the bill aims to provide much-needed assistance to individuals and businesses facing challenges in meeting their tax obligations due to unforeseen circumstances.

Current Status of Bill HR 5027

Bill HR 5027 is currently in the status of Bill Introduced since August 13, 2021. Bill HR 5027 was introduced during Congress 117 and was introduced to the House on August 13, 2021.  Bill HR 5027's most recent activity was Referred to the House Committee on Ways and Means. as of August 13, 2021

Bipartisan Support of Bill HR 5027

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5027

Primary Policy Focus

Taxation

Comments