HR 5636 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to require that the interest rate applied with respect to overpayments and underpayments of tax, which is currently based on the average prime rate for September, be based on the average prime rate for the first 9 months of the calendar year.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: See H.R.4961.(1982-08-19)
Plain Language Summary
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Amends the Internal Revenue Code to require that the interest rate on overpayments and underpayments of tax be based on the average prime rate for the first nine months of the calendar year.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
6 Democrats5 Republicans