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.

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 March 1982

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 1 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 August 1982

   Committee

   See H.R.4961.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 March 1982

  Open at official source

Sponsors

• Rep. Bedell, Berkley W. [D-IA-6] · D · Sponsor
• Rep. Forsythe, Edwin B. [R-NJ-6] · R · Sponsor
• Rep. Butler, M. Caldwell [R-VA-6] · R · Sponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• Rep. Corcoran, Tom [R-IL-14] · R · Sponsor
• Rep. Williams, Pat [D-MT-At Large] · D · Sponsor
• Rep. Tauke, Thomas Joseph [R-IA-2] · R · Sponsor
• Rep. Ottinger, Richard L. [D-NY-20] · D · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• Rep. Lloyd, Marilyn [D-TN-3] · D · Cosponsor
• Rep. Young, Don [R-AK-At Large] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Tax Equity and Fiscal Responsibility Act of 1982