Tax Deadline Uniformity Act of 2020

I 116TH CONGRESS 2D SESSION H. R. 5979 To amend the Internal Revenue Code of 1986 to require estimated income tax installments to be paid on a quarterly basis. 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 quar- terly basis. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Tax Deadline Uni- 4 formity Act of 2020’’. 5 SEC. 2. QUARTERLY INSTALLMENTS FOR ESTIMATED IN- 6 COME TAX PAYMENTS BY INDIVIDUAL. 7 (a) IN GENERAL.—The table contained in paragraph 8 (2) of section 6654(c) of the Internal Revenue Code of 9 1986 is amended— 10 VerDate Sep 11 2014 23:06 Feb 26, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5979.IH H5979 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 5979 IH (1) by striking ‘‘June 15’’ and inserting ‘‘July 1 15’’; and 2 (2) by striking ‘‘September 15’’ and inserting 3 ‘‘October 15’’. 4 (b) EFFECTIVE DATE.—The amendments made by 5 this section shall apply to installments due in taxable years 6 beginning after December 31, 2020. 7 SEC. 3. QUARTERLY INSTALLMENTS FOR ESTIMATED IN- 8 COME TAX PAYMENTS BY CORPORATION. 9 (a) IN GENERAL.—The table contained in paragraph 10 (2) of section 6655(c) of the Internal Revenue Code of 11 1986 is amended— 12 (1) by striking ‘‘June 15’’ and inserting ‘‘July 13 15’’; and 14 (2) by striking ‘‘September 15’’ and inserting 15 ‘‘October 15’’. 16 (b) EFFECTIVE DATE.—The amendments made by 17 this section shall apply to installments due in taxable years 18 beginning after December 31, 2020. 19 Æ VerDate Sep 11 2014 23:06 Feb 26, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H5979.IH H5979 pamtmann on DSKBC07HB2PROD with BILLS