HR 15120 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to raise the rate of interest on underpayment of Federal taxes from 6 to 8 percent and the rate of interest on extensions of time for payment of estate tax from 4 to 6 percent.

Introduced 1974-05-30· Sponsored by Rep. Vanik, Charles A. [D-OH-22]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-05-30)

Plain Language Summary

[AI summary unavailable — showing source text] Raises the rate of interest on underpayment of Federal taxes from 6 to 8 percent and the rate of interest on extensions of time for payment of estate tax from 4 to 6 percent, under the Internal Revenue Code. (Amends 26 U.S.C. 6601)…

Summarized by Claude AI · Non-partisan · For informational purposes only