INCREASE IN OVERPAYMENT RATE PAYABLE TO TAXPAYERS OTHER THAN CORPORATIONS.

SEC. 3302. INCREASE IN OVERPAYMENT RATE PAYABLE TO TAXPAYERS OTHER THAN CORPORATIONS. (a) In General.— Subparagraph (B) of section 6621(a)(1) (defining overpayment rate) is amended to read as follows: “(B) 3 percentage points (2 percentage points in the case of a corporation).”.112 STAT. 742 (b) Effective Date.— The amendment made by this section shall apply to interest for the second and succeeding calendar quarters beginning after the date of the enactment of this Act.