Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
118TH CONGRESS
1ST SESSION H. R. 3708
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
MAY 25, 2023
Mrs. LESKO (for herself, Mr. SCHNEIDER, and Mr. CASE) 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 Sim-
4
plification Act’’.
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
16:51 Jun 18, 2023
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3708.IH
H3708
pbinns on DSKJLVW7X2PROD with $$_JOB
2
•HR 3708 IH
(1) by striking ‘‘June 15’’ and inserting ‘‘July
1
15’’, and
2
(2) by striking ‘‘September 15’’ and inserting
3
‘‘October 15’’.
4
(b) EFFECTIVE DATE.—The amendments made by
5
this section shall apply to installments due in taxable years
6
beginning after the date of the enactment of this Act.
7
Æ
VerDate Sep 11 2014
16:51 Jun 18, 2023
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6301
E:\BILLS\H3708.IH
H3708
pbinns on DSKJLVW7X2PROD with $$_JOB