A bill to amend the Internal Revenue Code of 1954 to provide for the waiver of the payment of interest on income taxes not paid, as a result of a disaster, within the time prescribed for payment.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit the waiver of interest charges on overdue income taxes in the case of any taxpayer who resides in a federally- designated disaster area and who establishes to the satisfaction of the Secretary of the Treasury that late payment of such taxes is due to the disaster.…