[Congressional Record Volume 163, Number 126 (Wednesday, July 26, 2017)]
[Senate]
[Page S4315]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 289. Mr. DAINES submitted an amendment intended to be proposed to
amendment SA 267 proposed by Mr. McConnell to the bill H.R. 1628, to
provide for reconciliation pursuant to title II of the concurrent
resolution on the budget for fiscal year 2017; which was ordered to lie
on the table; as follows:
On page 5, strike lines 20 through 22 and insert the
following:
(b) Effective Date.--The amendments made by this section
shall apply to months beginning after December 31, 2013.
(c) Taxpayer Refund Program.--
(1) In general.--The Secretary of the Treasury shall
implement a program under which taxpayers who have paid a
penalty under section 5000A of the Internal Revenue Code of
1986 for any taxable year receive 1 payment in refund of all
such penalties paid, without regard to whether or not an
amended return is filed. Such payment shall be made not later
than April 15, 2018.
(2) Waiver of statute of limitations.--Solely for purposes
of claiming the refund under paragraph (1), the period
prescribed by section 6511(a) of the Internal Revenue Code of
1986 with respect to any payment of a penalty under section
5000A shall be extended until the date prescribed by law
(including extensions) for filing the return of tax for the
taxable year that includes December 31, 2017.
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