electED.

S 655 · 119th Congress — Stop Tax Penalties on American Hostages Act of 2025

Stop Tax Penalties on American Hostages Act of 2025 This bill extends certain federal tax deadlines for U. S. nationals who are unlawfully or wrongfully detained abroad or held hostage abroad and their spouses. The bill also allows for an…

Congress
119
Bill
S 655
Status
Introduced
Introduced
2025-02-20
Latest action date
2025-02-20

Summary

Stop Tax Penalties on American Hostages Act of 2025 This bill extends certain federal tax deadlines for U. S. nationals who are unlawfully or wrongfully detained abroad or held hostage abroad and their spouses. The bill also allows for an abatement and refund of additional taxes, interest, and penalties assessed to such individuals for failing to meet a federal tax deadline during a period of detention. Specifically, under the bill, the time period during which a U. S. national is unlawfully or wrongfully detained abroad or held hostage abroad is disregarded in determining certain federal tax deadlines, including deadlines for filing a return for and paying federal income, estate, gift, employment, or excise taxes; a tax credit or refund claim; and the determination, assessment, and collection of additional taxes, interest, or penalties. The bill requires the Department of State and the Department of Justice to annually provide the Internal Revenue Service (IRS) with lists to identify U. S. nationals who qualify for an extension. Right now, the latest action is: Read twice and Sent to the Finance Committee. The listed sponsor is Sen. Coons, Christopher A. [D-DE] [D].

This summary may describe an earlier version. Check the official record for current wording.

Latest action

Read twice and referred to the Committee on Finance.

Sponsors

Sources