To amend the Internal Revenue Code of 1986 to exclude from gross income any interest paid on an overpayment of tax in the case of an individual or small business.
Cutting Paperwork for Taxpayers Act
This bill excludes from the gross income of individual taxpayers and eligible small businesses, for income tax purposes, any interest allowed and paid upon a tax refund amount.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line