AUTHORITY TO POSTPONE CERTAIN TAX-RELATED DEADLINES BY REASON OF PRESIDENTIALLY DECLARED DISASTER.

SEC. 911. AUTHORITY TO POSTPONE CERTAIN TAX-RELATED DEADLINES BY REASON OF PRESIDENTIALLY DECLARED DISASTER. (a) In General.—Chapter 77 is amended by inserting after section 7508 the following new section: “SEC. 7508A. AUTHORITY TO POSTPONE CERTAIN TAX-RELATED DEADLINES BY REASON OF PRESIDENTIALLY DECLARED DISASTER. “(a) In General.—In the case of a taxpayer determined by the Secretary to be affected by a Presidentially declared disaster (as defined by section 1033(h)(3)), the Secretary may prescribe regulations under which a period of up to 90 days may be disregarded in determining, under the internal revenue laws, in respect of any tax liability (including any penalty, additional amount, or addition to the tax) of such taxpayer— “(1) whether any of the acts described in paragraph (1) of section 7508(a) were performed within the time prescribed therefor, and “(2) the amount of any credit or refund. “(b) Interest on Overpayments and Underpayments.—Subsection (a) shall not apply for the purpose of determining interest on any overpayment or underpayment.”.111 STAT. 878 (b) Clerical Amendment.—The table of sections for chapter 77 is amended by inserting after the item relating to section 7508 the following new item: “Sec. 7508A. Authority to postpone certain tax-related deadlines by reason of presidentially declared disaster.”. (c) Effective Date.—The amendments made by this section shall apply with respect to any period for performing an act that has not expired before the date of the enactment of this Act.