,,ii  #aaith ,,congress  #b;d ,session  
,s4 #cehg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #g1   
#bjbf,mrs4 ,blackburn introduced the    
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to provide an   
exemption from gross income for interest
 paid to taxpayers by the ,internal     
,revenue ,service following an audit or 
litigation in which the taxpayer        
prevailed4  #a4 ,short title ,this ,act 
may be cited as the ,no ,tax on         
,wrongful ,delay ,act of #bjbf4  #b4    
,exemption from gross income for        
interest paid to taxpayers following    
audit or litigation  7a7 ,in general    
,part ,,iii of subchapter ,b of chapter 
#a of the ,internal ,revenue ,code of   
#aihf is amended by inserting before    
section #adj the following new section3 
#aci,m4 ,interest paid to taxpayers     
following an audit or litigation ,gross 
income shall not include any interest   

which1 pursuant to section #ffaa1 is    
required to be paid upon any overpayment
 in respect of any internal revenue tax 
following-- 7#a7 an examination pursuant
 to the provisions of section #gfjb1    
7#b7 any suit or proceeding brought by  
the taxpayer for the credit or refund of
 taxes1 or  7#c7 any civil action       
commenced by the ,united ,states for the
 collection or recovery of taxes4  4    
7b7 ,conforming amendment ,the table of 
sections for part ,,iii of subchapter ,b
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
before the item relating to section #adj
 the following new item3  ,sec4 #aci,m4 
,interest paid to taxpayers following an
 audit or litigation4  4  7c7 ,effective
 date ,the amendments made by this      
section shall apply to taxable years    
beginning after ,december #ca1 #bjbe4