Timely Filing of Tax Returns

SB 698 establishes clear rules for when mailed tax returns are considered "timely filed" by the IRS deadline. It directly affects taxpayers who submit paper returns by mail, ensuring their return is treated as filed on time if postmarked by the due date. The key provision requires the IRS to accept mailed returns as timely filed if they bear a valid postmark showing the deadline date. This change simplifies compliance for mail filers and reduces the risk of penalties for returns delayed in transit.