SMALL TAX CASE ELECTION FOR INTEREST ABATEMENT CASES.

SEC. 422. SMALL TAX CASE ELECTION FOR INTEREST ABATEMENT CASES. (a) [26 U.S.C. 7463] In General.—Subsection (f) of section 7463 is amended— (1) by striking “and” at the end of paragraph (1), (2) by striking the period at the end of paragraph (2) and inserting “, and”, and (3) by adding at the end the following new paragraph: “(3) a petition to the Tax Court under section 6404(h) in which the amount of the abatement sought does not exceed $50,000.” . (b) [26 U.S.C. 7463 note] Effective Date.—The amendments made by this section shall apply to cases pending as of the day after the date of the enactment of this Act, and cases commenced after such date of enactment.