EXPANSION OF AUTHORITY TO ABATE INTEREST.

Sec. 301. EXPANSION OF AUTHORITY TO ABATE INTEREST. (a) General Rule.— Paragraph (1) of section 6404(e) (relating to abatement of interest in certain cases) is amended— (1) by inserting “unreasonable” before “error” each place it appears in subparagraphs (A) and (B), and (2) by striking “in performing a ministerial act” each place it appears and inserting “in performing a ministerial or managerial act”. (b) Clerical Amendment.— The subsection heading for subsection (e) of section 6404 is amended— (1) by striking “Assessments” and inserting “Abatement”, and (2) by inserting “Unreasonable” before “Errors”. (c) Effective Date.— The amendments made by this section shall apply to interest accruing with respect to deficiencies or payments for taxable years beginning after the date of the enactment of this Act.