[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4204 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4204

  To amend the Internal Revenue Code of 1986 to extend the period for 
  filing for a credit or refund of individual income taxes to 7 years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2000

Mr. Baker (for himself, Mr. Armey, Mr. Cooksey, Mr. DeLay, Mr. Herger, 
Mr. Kuykendall, Mr. McCrery, Mr. Tancredo, Mr. Tauzin, and Mr. Udall of 
  Colorado) 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 extend the period for 
  filing for a credit or refund of individual income taxes to 7 years.

    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 ``Tax Refund Statute of Limitation 
Extension Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Every individual taxpayer should receive a credit or 
        refund for the overpayment of Federal income taxes if the 
        taxpayer's claim for a credit or refund can be verified by the 
        Internal Revenue Service.
            (2) In order to provide for more accurate and complete 
        individual income tax records, Congress should provide an 
        incentive to taxpayers that encourages the filing of amended 
        tax returns.

SEC. 3. EXTENSION OF PERIOD FOR FILING FOR CREDIT OR REFUND OF 
              INDIVIDUAL INCOME TAX.

    (a) In General.--Subsection (a) of section 6511 of the Internal 
Revenue Code of 1986 (relating to limitations on credit or refund) is 
amended by adding at the end the following new sentence: ``For purposes 
of applying this section with respect to tax imposed by subtitle A on 
an individual--
            ``(1) the references to 2 years and to 3 years in the first 
        sentence, in subsection (b)(2), and in paragraphs (2) and (4) 
        of subsection (d) shall be applied by treating such references 
        as references to 7 years, and
            ``(2) the references to 3-year periods in subparagraphs (A) 
        and (B) of subsection (b)(2) and in paragraphs (2) and (4) of 
        subsection (d) shall be applied by treating such references as 
        references to the 7-year period from the time the return was 
        filed.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxes paid for taxable years ending after the date of the 
enactment of this Act.
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