If any provision of this title requires the payment of interest on a tax claim or on an administrative expense tax, or the payment of interest to enable a creditor to receive the present value of the allowed amount of a tax claim, the rate of interest shall be the rate determined under applicable nonbankruptcy law.
In the case of taxes paid under a confirmed plan under this title, the rate of interest shall be determined as of the calendar month in which the plan is confirmed.
Pub. L. 109–8, title VII, § 704(a)119 Stat. 125(Added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
section 1501 of Pub. L. 109–8section 101 of this titleSection effective 180 days after , and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see , set out as an Effective Date of 2005 Amendment note under .