A bill to amend the Internal Revenue Code of 1986 to provide that the Internal Revenue Service may waive interest on underpayments attributable to retroactive tax legislation.

referredUnited States· United States Congress· EN

Introduced

3 March 1988

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to authorize the Secretary of the Treasury to waive interest on income tax underpayments created or increased as a result of retroactive legislation when: (1) requiring the interest payment would be against equity and good conscience; and (2) the interest has accrued within 30 days after the enactment date of the relevant legislation.

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Documents

1 official file

Introduced in House
summary · EN · 3 March 1988
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/4082
Open data entity: https://api.congress.gov/v3/bill/100/hr/4082