Any portion of an internal revenue tax (or any interest, assessable penalty, additional amount, or addition to tax) which has been erroneously refunded, and which is recoverable by suit pursuant to section
7405, shall bear interest at the underpayment rate established under section
6621 from the date of the payment of the refund.
1986—Pub. L. 99–514substituted “the underpayment rate established under section
6621” for “an annual rate established under section
1975—Pub. L. 93–625substituted “an annual rate established under section
6621” for “the rate of 6 percent per annum”.
Effective Date of 1986 Amendment
Amendment by Pub. L. 99–514applicable for purposes of determining interest for periods after Dec. 31, 1986, see section 1511(d) ofPub. L. 99–514, set out as a note under section
47 of this title.
Effective Date of 1975 Amendment
Amendment by Pub. L. 93–625effective July 1, 1975, and applicable to amounts outstanding on such date or arising thereafter, see section 7(e) ofPub. L. 93–625, set out as an Effective Date note under section
6621 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
LII has no control over and does not endorse any external Internet site that contains links to or references LII.