[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3709 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3709

 To amend the Taxpayer Relief Act of 1997 to provide for the abatement 
 of interest on underpayments by taxpayers in Presidentially declared 
                        disaster areas in 1998.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 22, 1998

  Mr. Riley (for himself, Mr. Bachus, Mr. Aderholt, Mr. Callahan, Mr. 
  Cramer, Mr. Hilliard, Mr. Everett, and Mr. Jenkins) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Taxpayer Relief Act of 1997 to provide for the abatement 
 of interest on underpayments by taxpayers in Presidentially declared 
                        disaster areas in 1998.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Disaster Victims Tax Fairness Act''.

SEC. 2. ABATEMENT OF INTEREST ON UNDERPAYMENTS BY TAXPAYERS IN 
              PRESIDENTIALLY DECLARED DISASTER AREAS IN 1998.

    (a) In General.--Subsection (b) of section 915 of the Taxpayer 
Relief Act of 1997 (relating to abatement of interest on underpayments 
by taxpayers in Presidentially declared disaster areas) is amended by 
inserting ``or 1998'' after ``1997''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to disasters declared after December 31, 1997.
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