Sixty days becomes 120 days in the redesignated subsection (e)
What the document says“Section 7508A(e) of such Code, as redesignated by subsection (a), is amended-- (1) by striking "60 days" in paragraph (1)(B) thereof and inserting "120 days", (2) by striking "60-day" in paragraph (6) thereof and inserting "120-day", and (3) by striking "60-day" in the heading and inserting "120-day".”
The whole of subsection (b). It works on the subsection that subsection (a) relettered as section 7508A(e) of the Internal Revenue Code of 1986, and it makes the same change in three places: in paragraph (1)(B), in paragraph (6) and in the heading. Each says 60 and now says 120. This Act does not state what those periods run from or what they require, because that text is in section 7508A and is not reproduced here.
What the document actually says“Section 7508A(e) of such Code, as redesignated by subsection (a), is amended-- (1) by striking "60 days" in paragraph (1)(B) thereof and inserting "120 days", (2) by striking "60-day" in paragraph (6) thereof and inserting "120-day", and (3) by striking "60-day" in the heading and inserting "120-day".”
Some wait times in the tax law say 60 days. This part crosses that out. It writes 120 days in its place. The heading changes the same way.
This is a word swap in an older law. The number of days doubles. This site does not say what those days are for. That older law is not indexed here.
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