Page:United States Statutes at Large Volume 115 Part 3.djvu/359

 PUBLIC LAW 107-134-JAN. 23, 2002 115 STAT. 2433 "(1) a disaster which results from a terroristic or military action (as defined in section 692(c)(2)), "(2) a Presidentially declared disaster (as defined in section . 1033(h)(3)), "(3) a disaster which results from an accident involving a common carrier, or from any other event, which is determined by the Secretary to be of a catastrophic nature, or "(4) with respect to amounts described in subsection (b)(4), a disaster which is determined by an applicable Federal, State, or local authority (as determined by the Secretary) to warrant assistance from the Federal, State, or local government or agency or instrumentality thereof " (d) COORDINATION WITH EMPLOYMENT TAXES.— For purposes of chapter 2 and subtitle C, a qualified disaster relief payment shall not be treated as net earnings from self-employment, wages, or compensation subject to tax. "(e) No RELIEF FOR CERTAIN INDIVIDUALS.—Subsections (a) and (f) shall not apply with respect to any individual identified by the Attorney General to have been a participant or conspirator in a terroristic action (as so defined), or a representative of such individual. "(f) EXCLUSION OF CERTAIN ADDITIONAL PAYMENTS.— Gross income shall not include any amount received as payment under section 406 of the Air Transportation Safety and System Stabilization Act.". (b) CONFORMING AMENDMENTS.—The table of sections for part III of subchapter B of chapter 1 is amended by striking the item relating to section 139 and inserting the following new items: "Sec. 139. Disaster relief payments. "Sec. 140. Cross references to other Acts.". (c) EFFECTIVE DATE. —The amendments made by this section Applicability, shall apply to taxable years ending on or after September 11, 26 USC 139 note. 2001. SEC. 112. AUTHORITY TO POSTPONE CERTAIN DEADLINES AND REQUIRED ACTIONS. (a) EXPANSION OF AUTHORITY RELATING TO DISASTERS AND TERRORISTIC OR MILITARY ACTIONS.—Section 7508A is amended 26 USC 7508A. to read as follows: " SEC. 7508A. AUTHORITY TO POSTPONE CERTAIN DEADLINES BY REA- SON OF PRESIDENTIALLY DECLARED DISASTER OR TERRORISTIC OR MILITARY ACTIONS. "(a) IN GENERAL. —In the case of a taxpayer determined by the Secretary to be affected by a Presidentially declared disaster (as defined in section 1033(h)(3)) or a terroristic or military action (as defined in section 692(c)(2)), the Secretary may specify a period of up to 1 year that may be disregarded in determining, under the internal revenue laws, in respect of any tax liability of such taxpayer— "(1) whether any of the acts described in paragraph (1) of section 7508(a) were performed within the time prescribed therefor (determined without regard to extension under any other provision of this subtitle for periods after the date (determined by the Secretary) of such disaster or action), "(2) the amount of any interest, penalty, additional amount, or addition to the tax for periods after such date, and

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