The End Tax Penalties on American Hostages Act postpones tax deadlines and refunds penalties for U.S. nationals held hostage abroad.
The End Tax Penalties on American Hostages Act amends the Internal Revenue Code to postpone tax deadlines and refund penalties for U.S. nationals who were unlawfully or wrongfully detained or held hostage abroad. It identifies eligible individuals through the Secretary of State and the Attorney General, and establishes a program for refunds or abatements of penalties and fines. The amendments apply to taxable years ending after the enactment date.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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