No credit or refund is allowed on a claim filed after January 31, 2024
What the document says“no credit under section 3134 of the Internal Revenue Code of 1986 shall be allowed, and no refund with respect to any such credit shall be made, after the date of the enactment of this Act, unless a claim for such credit or refund was filed by the taxpayer on or before January 31, 2024.”
The section bars, notwithstanding section 6511 of the Internal Revenue Code of 1986, any credit or refund under section 3134 after enactment unless the claim was filed on or before January 31, 2024. That change applies to credits and refunds allowed or made after enactment.
What the document actually says“no credit under section 3134 of the Internal Revenue Code of 1986 shall be allowed, and no refund with respect to any such credit shall be made, after the date of the enactment of this Act, unless a claim for such credit or refund was filed by the taxpayer on or before January 31, 2024.”
No credit is given and no refund is paid after this law. That is unless the claim went in by January 31, 2024.
The normal time limit is set aside. A claim filed after that date is dead. The date is fixed in the law.
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.