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.
About This Bill
Committee
Latest Action · April 27, 2023
Referred to the House Committee on Ways and Means.
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.
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