There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/01/1980)

Amends the Internal Revenue Code, with respect to the penalty for failure to pay tax due to negligence or intentional disregard of rules and regulations (but without intent to defraud), to change the amount of the penalty from five percent of the total underpayment to five percent of that part of the underpayment due to such negligence or intentional disregard of the rules and regulations.