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.

openUnited States· United States Congress· EN

Introduced

1 March 1982

Last action

—

Status

See H.R.4961.

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.

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Documents

1 official file

Introduced in House
summary · EN · 1 March 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/5636
Open data entity: https://api.congress.gov/v3/bill/97/hr/5636