11-U.S.C.-511

§511 – Rate of Interest On Tax Claims

Pathway

Title 11 > Chapter 5 > Subchapter I > Section 511

Details

• Reference: Section 511
• Legend: §511 – Rate of Interest On Tax Claims
• USCode Year: 2013

Provision Content

(a) 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.

(b) 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.

(Added Pub. L. 109–8, title VII, §704(a), Apr. 20, 2005, 119 Stat. 125.)

Effective Date

Section effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 109–8, set out as an Effective Date of 2005 Amendment note under section 101 of this title.

U.S. Encyclopedia of Law Coverage

11-U.S.C.-510 in the Legal Encyclopedia: Bankruptcy

In this entry about 11-U.S.C.-510, find legal reference material, bibliographies and premiere content related to bankruptcy in the American Encyclopedia of Law, presenting a comprehensive view of the United States bankruptcy-specific issues, written by authorities in the field.

11-U.S.C.-1512 in the Legal Encyclopedia: Creditors

In this entry about 11-U.S.C.-1512, find legal reference material, bibliographies and premiere content related to creditors in the American Encyclopedia of Law, presenting a comprehensive view of the United States creditors-specific issues, written by authorities in the field.

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