[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6460 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 6460

  To amend the Internal Revenue Code of 1986 to modify the mandatory 
                    delay in making certain refunds.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 20, 2022

Mr. Pascrell (for himself and Mr. Neal) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to modify the mandatory 
                    delay in making certain refunds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MODIFICATION OF MANDATORY DELAY IN MAKING CERTAIN REFUNDS.

    (a) In General.--Section 6402(m) of the Internal Revenue Code of 
1986 is amended to read as follows:
    ``(m) Earliest Date for Certain Refunds.--In the case of any 
taxpayer allowed a credit under section 24 (by reason of subsection (d) 
or (i) thereof) or 32 for any taxable year, no credit or refund of an 
overpayment for such taxable year shall be made to such taxpayer before 
the earlier of--
            ``(1) the date on which the Secretary completes such 
        matching of information relevant to such credit and relevant 
        information filed under section 6071(c) as the Secretary 
        determines appropriate, or
            ``(2) the 15th day of the second month following the close 
        of such taxable year.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to credits and refunds made after the date of the enactment of this 
Act.
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