PUBLIC LAW 107-16-JUNE 7, 2001 115 STAT. 149 (2) 20 percent of the amount of any required installment of corporate estimated tax which is otherwise due in September 2004 shall not be due until October 1, 2004. SEC. 802. EXPANSION OF AUTHORITY TO POSTPONE CERTAIN TAX- RELATED DEADLINES BY REASON OF PRESIDENTIALLY DECLARED DISASTER. (a) IN GENERAL.—Section 7508A(a) (relating to authority to postpone certain tax-related deadlines l3y reason of presidentially declared disaster) is amended by striking "90 days" and inserting " 120 days". (b) EFFECTIVE DATE.—The amendment made by this section 26 USC 7508A shall take effect on the date of enactment of this Act. »ote. SEC. 803. NO FEDERAL INCOME TAX ON RESTITUTION RECEIVED BY 26 USC note VICTIMS OF THE NAZI REGIME OR THEIR HEIRS OR Prec. lOL ESTATES. (a) IN GENERAL. — For purposes of the Internal Revenue Code of 1986, any excludable restitution payments received by an eligible individual (or the individual's heirs or estate) and any excludable interest— (1) shall not be included in gross income; and (2) shall not be taken into account for purposes of applying any provision of such Code v hich takes into account excludable income in computing adjusted gross income, including section 86 of such Code (relating to taxation of Social Security benefits). For purposes of such Code, the basis of any property received by an eligible individual (or the individual's heirs or estate) as part of an excludable restitution payment shall be the fair market value of such property as of the time of the receipt. (b) ELIGIBLE INDIVIDUAL.—For purposes of this section, the term "eligible individual" means a person who was persecuted on the basis of race, religion, physical or mental disability, or sexual orientation by Nazi Germany, any other Axis regime, or any other Nazi-controlled or Nazi-allied country. (c) EXCLUDABLE RESTITUTION PAYMENT.—For purposes of this section, the term "excludable restitution payment" means any pay- ment or distribution to an individual (or the individual's heirs or estate) which— (1) is payable by reason of the individual's status as an eligible individual, including any amount payable by any foreign country, the United States of America, or any other foreign or domestic entity, or a fund established by any such country or entity, any amount payable as a result of a final resolution of a legal action, and any amount payable under a law providing for payments or restitution of property; (2) constitutes the direct or indirect return of, or compensation or reparation for, assets stolen or hidden from, or otherwise lost to, the individual before, during, or immediately after World War II by reason of the individual's status as an eligible individual, including any proceeds of insurance under policies issued on eligible individuals by European insurance companies immediately before and during World War II; or (3) consists of interest which is payable as part of any payment or distribution described in paragraph (1) or (2). (d) EXCLUDABLE INTEREST.— For purposes of this section, the term "excludable interest" means any interest earned by—
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