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

Bill: 116-hr-7641
Sponsor: full_name: Rep. LaHood, Darin [R-IL-18]
Introduced: 2020-07-16
Policy area: Taxation
Subjects: Broadcasting, cable, digital technologies

Tax administration and collection, taxpayers

Time and calendar
Latest action: action_date: 2020-07-16
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-07-16
action_desc: Introduced in House
text: <p>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<i> mailbox rule</i> (also known as the posting rule) to such payments which provides that payments are considered made on the date they are postmarked.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7641 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.

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). .