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United States · Bill · S

S. 1009 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide that the Secretary of the Treasury shall adjust the annual interest rate, if necessary, every six months.

openUnited States· United States Congress· EN

Introduced

27 April 1981

Last action

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Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Sponsors

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Subjects

Discovery layer

Source updated

3 January 2025

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Summary

Amends the Internal Revenue Code to require the Secretary of the Treasury to adjust the annual interest rate for overpayment of tax every six months (currently, once a year) if the adjusted prime rate charged by banks during the preceding month so requires.

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Documents

1 official file

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