118th Congress · HOUSE BILLBILL

H.R. 2978 — Cutting Paperwork for Taxpayers Act

“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.”

Taxation

Introduced Apr 27, 2023

Last action Apr 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 27, 2023

Step 2

Referred

Apr 27, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 27, 2023

Introduced in House

Apr 27, 2023

Referred to the House Committee on Ways and Means.