No Tax on Wrongful Delay Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3587 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3587 To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for interest paid to taxpayers by the Internal Revenue Service following an audit or litigation in which the taxpayer prevailed. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES January 7, 2026 Mrs. Blackburn introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for interest paid to taxpayers by the Internal Revenue Service following an audit or litigation in which the taxpayer prevailed. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Tax on Wrongful Delay Act of 2026''. SEC. 2. EXEMPTION FROM GROSS INCOME FOR INTEREST PAID TO TAXPAYERS FOLLOWING AUDIT OR LITIG…