BONDS IN CASE OF APPEALS FROM CERTAIN PROCEEDING.

SEC. 1241. BONDS IN CASE OF APPEALS FROM CERTAIN PROCEEDING. (a) In General.—Subsection (b) of section 7485 (relating to bonds to stay assessment of collection) is amended— (1) by inserting “penalties,” after “any interest,”, and (2) by striking “aggregate of such deficiencies” and inserting “aggregate liability of the parties to the action”. (b) Effective Date.—The amendment made by this section shall take effect as if included in the amendments made by section 402 of the Tax Equity and Fiscal Responsibility Act of 1982.