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Federal Tax

Congress Passes Last Minute CR Funding Government for 45 Days

Checkpoint Federal Tax Update Staff  

· 1 minute read

Checkpoint Federal Tax Update Staff  

· 1 minute read

On Saturday, September 30, 2023, Congress passed a last minute continuing resolution (HR 5860) that funds the federal government at current spending levels for the next 45 days. President Biden signed the measure shortly before the government’s funding expired.

The short-term CR includes $16 billion in disaster relief, but nothing for border security or Ukraine. The CR also extended appropriations for the Federal Aviation Administration (FAA) and the excise taxes supporting the Airport and Airway Trust Fund through December 31, 2023. The CR keeps the IRS open until after the extended calendar-year filing season ends November 15, but doesn’t include any tax provisions.

Congress now has until November 17, 2023, to figure out the government’s FY 2024 budget, or the government will shut down just in time for the end-of-year holidays.

 

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