Section 1 Modification of mandatory delay in making certain refunds
In general— Section 6402(m) of the Internal Revenue Code of 1986 is amended to read as follows:
“(m) Earliest date for certain refunds—In the case of any taxpayer allowed a credit under section 24 (by reason of subsection (d) or (i) thereof) or 32 for any taxable year, no credit or refund of an overpayment for such taxable year shall be made to such taxpayer before the earlier of—
“(1) the date on which the Secretary completes such matching of information relevant to such credit and relevant information filed under section 6071(c) as the Secretary determines appropriate, or
“(2) the 15th day of the second month following the close of such taxable year.”
Effective date— The amendment made by this section shall apply to credits and refunds made after the date of the enactment of this Act.