S 999 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to interest payments on nonpayments of tax.

Introduced 1979-04-24· Sponsored by Sen. Bentsen, Lloyd M. [D-TX]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt taxpayers who make late payments of tax from interest penalties, if failure to make payment is due to reasonable cause and not due to willful neglect.…

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

Cosponsors (1)

1 Republican
Sen. Cochran, Thad [R-MS]MS