[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8864 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8864

To amend the Internal Revenue Code of 1986 to make improvements related 
                         to tax administration.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 27, 2024

Mr. LaHood (for himself, Mr. Schneider, Mr. Feenstra, Ms. DelBene, Mr. 
  Fitzpatrick, Mr. Panetta, and Mrs. Lesko) 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 make improvements related 
                         to tax administration.

    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 Administration Simplification 
Act''.

SEC. 2. APPLICATION OF MAILBOX RULE TO DOCUMENTS AND PAYMENTS 
              ELECTRONICALLY SUBMITTED TO THE INTERNAL REVENUE SERVICE.

    (a) In General.--Section 7502(c) of the Internal Revenue Code of 
1986 is amended--
            (1) in the heading, by inserting ``and Payment'' after 
        ``Filing'',
            (2) in paragraph (2)--
                    (A) in the heading, by striking ``; electronic 
                filing'', and
                    (B) by striking ``and electronic filing'', and
            (3) by adding at the end the following:
            ``(3) Electronic filing and payment.--
                    ``(A) In general.--If any return, claim, statement, 
                or other document required to be filed, or any payment 
                required to be made, within a prescribed period or on 
                or before a prescribed date under authority of any 
                provision of the internal revenue laws is sent 
                electronically by any person to the agency, officer, or 
                office with which such return, claim, statement, or 
                other document is required to be filed, or to which 
                such payment is required to be made, the date on which 
                such return, claim, statement, or other document, or 
                payment, is sent electronically by such person shall be 
                deemed to be the date of delivery or the date of 
                payment, as the case may be, regardless of the date on 
                which the applicable agency, officer, or office 
                receives or reviews such return, claim, statement, 
                document, or payment.
                    ``(B) Regulations.--Not later than December 31, 
                2024, the Secretary shall issue such regulations or 
                other guidance as the Secretary determines necessary to 
                carry out the purposes of this paragraph.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to any document or payment sent after December 31, 2024.

SEC. 3. EXTENSION OF TIME FOR MAKING S CORPORATION ELECTIONS.

    (a) In General.--Section 1362(b) of the Internal Revenue Code of 
1986 is amended to read as follows:
    ``(b) When Made.--
            ``(1) In general.--An election under subsection (a) may be 
        made by a small business corporation for any taxable year not 
        later than the due date for filing the return of the S 
        corporation for such taxable year (including extensions).
            ``(2) Certain elections treated as made for next taxable 
        year.--If--
                    ``(A) an election under subsection (a) is made for 
                any taxable year within the period described in 
                paragraph (1), but
                    ``(B) either--
                            ``(i) on 1 or more days in such taxable 
                        year and before the day on which the election 
                        was made the corporation did not meet the 
                        requirements of subsection (b) of section 1361, 
                        or
                            ``(ii) 1 or more of the persons who held 
                        stock in the corporation during such taxable 
                        year and before the election was made did not 
                        consent to the election,
                then such election shall be treated as made for the 
                following taxable year.
            ``(3) Authority to treat late elections, etc., as timely.--
        If--
                    ``(A) an election under subsection (a) is made for 
                any taxable year after the date prescribed by this 
                subsection for making such election for such taxable 
                year or no such election is made for any taxable year, 
                and
                    ``(B) the Secretary determines that there was 
                reasonable cause for the failure to timely make such 
                election,
        the Secretary may treat such an election as timely made for 
        such taxable year.
            ``(4) Election on timely filed returns.--Except as 
        otherwise provided by the Secretary, an election under 
        subsection (a) for any taxable year may be made on a timely 
        filed return of the S corporation for such taxable year.
            ``(5) Secretarial authority.--The Secretary may prescribe 
        such regulations, rules, or other guidance as may be necessary 
        or appropriate for purposes of applying this subsection.''.
    (b) Coordination With Certain Other Provisions.--
            (1) Qualified subchapter s subsidiaries.--Section 
        1361(b)(3)(B) of such Code is amended by adding at the end the 
        following flush sentence:
                ``Rules similar to the rules of section 1362(b) shall 
                apply with respect to any election under clause 
                (ii).''.
            (2) Qualified subchapter s trusts.--Section 1361(d)(2) of 
        such Code is amended by striking subparagraph (D).
    (c) Revocations.--Section 1362(d)(1) of such Code is amended--
            (1) by striking ``subparagraph (D)'' in subparagraph (C) 
        and inserting ``subparagraphs (D) and (E)'', and
            (2) by adding at the end the following new subparagraph:
                    ``(E) Authority to treat late revocations as 
                timely.--If--
                            ``(i) a revocation under subparagraph (A) 
                        is made for any taxable year after the date 
                        prescribed by this paragraph for making such 
                        revocation for such taxable year or no such 
                        revocation is made for any taxable year, and
                            ``(ii) the Secretary determines that there 
                        was reasonable cause for the failure to timely 
                        make such revocation,
                the Secretary may treat such a revocation as timely 
                made for such taxable year.''.
    (d) Effective Date.--
            (1) In general.--Except as otherwise provided in this 
        subsection, the amendments made by this section shall apply to 
        elections for taxable years beginning after December 31, 2024.
            (2) Revocations.--The amendments made by subsection (c) 
        shall apply to revocations made after the date of the enactment 
        of this Act.

SEC. 4. QUARTERLY INSTALLMENTS FOR ESTIMATED INCOME TAX PAYMENTS BY 
              INDIVIDUAL.

    (a) In General.--The table contained in section 6654(c)(2) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``June 15'' and inserting ``July 15'', and
            (2) by striking ``September 15'' and inserting ``October 
        15''.
    (b) Effective Date.--The amendments made by this section shall 
apply to installments due in taxable years beginning after December 31, 
2024.
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