11 U.S.C. § 511 — Rate of interest on tax claims
submitted 21 years ago by Pub. L. 109-8 to r/title-11-BANKRUPTCY · 89 words · no verdicts yet
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If any provision of this title requires the payment of interest on a tax claim* or on an administrative expense tax, or the payment of interest to enable a creditor* to receive the present value of the allowed amount of a tax claim, the rate of interest shall be the rate determined under applicable nonbankruptcy law.
In the case of taxes paid under a confirmed plan under this title, the rate of interest shall be determined as of the calendar month in which the plan is confirmed.
Source credit: (Added Pub. L. 109–8, title VII, § 704(a), Apr. 20, 2005, 119 Stat. 125.)
- 2005Enacted · Pub. L. 109-8 · 119 Stat. 125
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-8 on 2005-04-20.
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