Tax Deadline Uniformity Act of 2020

Bill: 116-hr-5979
Sponsor: full_name: Rep. Murphy, Gregory [R-NC-3]
Introduced: 2020-02-26
Policy area: Taxation
Subjects: Tax administration and collection, taxpayers

Tax reform and tax simplification
Latest action: action_date: 2020-02-26
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-02-26
action_desc: Introduced in House
text: <p><b>Tax Deadline Uniformity Act of 2020</b></p> <p>This bill requires individual and corporate estimated income tax to be paid on a quarterly basis.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 5979 IN THE HOUSE OF REPRESENTATIVES February 26, 2020 Mr. Murphy of North Carolina 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 require estimated income tax installments to be paid on a quarterly basis.

1. Short title This Act may be cited as the Tax Deadline Uniformity Act of 2020 . 2. Quarterly installments for estimated income tax payments by individual (a) In general The table contained in paragraph (2) of section 6654(c) of the Internal Revenue Code of 1986 is amended— (1) by striking June 15 and inserting July 15 ; and (2) by striking September 15 and inserting October 15 . (b) Effective date The amendments made by this section shall apply to installments due in taxable years beginning after December 31, 2020. 3. Quarterly installments for estimated income tax payments by corporation (a) In general The table contained in paragraph (2) of section 6655(c) of the Internal Revenue Code of 1986 is amended— (1) by striking June 15 and inserting July 15 ; and (2) by striking September 15 and inserting October 15 . (b) Effective date The amendments made by this section shall apply to installments due in taxable years beginning after December 31, 2020.