Title: To amend the Internal Revenue Code of 1986 to apply the mailbox rule to certain payments made through the Electronic Federal Tax Payment System.
Policy area: Taxation

Summary:
This bill provides that tax payments made through the Electronic Federal Tax Payment System of the Department of the Treasury that are required to be made within a prescribed period or on or before a prescribed date shall be treated as made on the last day of either such prescribed period or on such prescribed date. The bill thus generally applies the mailbox rule (also known as the posting rule) to such payments which provides that payments are considered made on the date they are postmarked.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7641 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7641

To amend the Internal Revenue Code of 1986 to apply the mailbox rule to 
   certain payments made through the Electronic Federal Tax Payment 
                                System.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2020

Mr. LaHood (for himself and Ms. DelBene) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to apply the mailbox rule to 
   certain payments made through the Electronic Federal Tax Payment 
                                System.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. APPLICATION OF MAILBOX RULE TO CERTAIN PAYMENTS MADE THROUGH 
              THE ELECTRONIC FEDERAL TAX PAYMENT SYSTEM.

    (a) In General.--Section 7502 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(g) Payments Made Through the Electronic Federal Tax Payment 
System.--
            ``(1) In general.--A qualified Electronic Federal Tax 
        Payment System payment which is required to be made within a 
        prescribed period or on or before a prescribed date under 
        authority of any provision of the internal revenue laws shall 
        be treated as made on the last day of such prescribed period or 
        on such prescribed date, as the case may be.
            ``(2) Qualified electronic federal tax payment system 
        payment.--For purposes of this subsection, the term `qualified 
        Electronic Federal Tax Payment System payment' means any 
        payment if--
                    ``(A) such payment is made through the Department 
                of the Treasury's Electronic Federal Tax Payment System 
                (and such payment is not required under any provision 
                of the internal revenue laws to be made in another 
                manner),
                    ``(B) such payment is authorized to be made at the 
                earliest time such payment can be made through such 
                System following such authorization, and
                    ``(C) such authorization is provided within the 
                prescribed period referred to in paragraph (1) or on or 
                before the prescribed date referred to in paragraph 
                (1), as the case may be.
            ``(3) Application of certain exceptions, including 
        requirement that payment be permitted to be made by mailing.--
        For certain payments to which this subsection does not apply, 
        see subsection (d).''.
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