Summary

Treats time periods that the IRS disregards because of presidential disaster declarations (or significant fires, terroristic or military actions) as extensions of time for tax refund and credit claims, and requires the IRS to calculate the last day for tax payment notices after accounting for those disregarded periods. The change applies to refund/credit claims filed after enactment and to collection notices issued after enactment, giving disaster-affected taxpayers extra time to seek refunds and delaying certain collection notice deadlines.

• Postponed periods under existing disaster rules will count as extensions for refund or credit statute-of-limitations purposes.
• The IRS must compute the last date for tax payment notices after accounting for disaster-postponed periods.
• The statute-of-limitations change applies to refund/credit claims filed after the law is enacted.
• The collection-notice timing change applies to notices issued after enactment.
• Directly benefits taxpayers affected by presidential disaster declarations, significant fires, or certain terroristic/military actions.
• Does not create new spending or alter tax rates—it only adjusts timing and legal treatment of existing postponements.
• Reduces risk that disaster-affected taxpayers miss deadlines for refunds and credits.
• Requires modest administrative changes by the IRS to apply the new timing rules.