The government gets six years to assess these credits
What the document says“the limitation on the time period for the assessment of any amount attributable to a credit claimed under this section shall not expire before the date that is 6 years after the latest of--”
The section rewrites section 3134(l) of the Internal Revenue Code of 1986 so that, notwithstanding section 6501, the time to assess an amount tied to a credit claimed under that section does not run out before six years after the latest of the filing of the original return covering the quarter, the date the return is treated as filed under section 6501(b)(2), and the date the claim for credit or refund is made. Where an assessment follows, the time to claim a refund for a deduction on improperly claimed wages runs at least as long. That change applies to assessments made after enactment.
What the document actually says“the limitation on the time period for the assessment of any amount attributable to a credit claimed under this section shall not expire before the date that is 6 years after the latest of--”
The clock for assessing these credits runs longer. It does not run out before six years. It starts from the latest of the dates below.
One is when the original return was filed. One is when it counts as filed. One is when the claim was made.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.