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S. 3587

U.S. Senate•In Senate Committee

Summary

S. 3587, the No Tax on Wrongful Delay Act of 2026, was introduced in the Senate on Jan 7, 2026 by Sen. Marsha Blackburn (R). It was referred to Finance, and last saw action on Jan 7, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 3587 has no co-sponsors and has not gone to a roll call.

sb3587/introduced-in-senate.txt
119 S3587 IS: No Tax on Wrongful Delay Act of 2026
 U.S. Senate
 2026-01-07
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 3587  IN THE SENATE OF THE UNITED STATES   January 7, 2026   Mrs. Blackburn  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for interest paid to taxpayers by the Internal Revenue Service following an audit or litigation in which the taxpayer prevailed.
1.
Short title
This Act may be cited as the   No Tax on Wrongful Delay Act of 2026  .
2.
Exemption from gross income for interest paid to taxpayers following audit or litigation
(a)
In general
Part III of subchapter B of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section:
139M.
Interest paid to taxpayers following an audit or litigation
Gross income shall not include any interest which, pursuant to section 6611, is required to be paid upon any overpayment in respect of any internal revenue tax following—
(1)
an examination pursuant to the provisions of section 7602,
(2)
any suit or proceeding brought by the taxpayer for the credit or refund of taxes, or
(3)
any civil action commenced by the United States for the collection or recovery of taxes.
 .
(b)
Conforming amendment
The table of sections for part III of subchapter B of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item:
Sec. 139M. Interest paid to taxpayers following an audit or litigation.
  .
(c)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-01-07
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to provide an exemption from gross income for interest paid to taxpayers by the Internal Revenue Service following an audit or litigation in which the taxpayer prevailed.

Sponsors

Sen. Marsha Blackburn (R) sponsors S. 3587 alone.

Committees

S. 3587 went before 1 committee: Finance.

Finance
Finance
Referred To · Jan 7, 2026 · 902 Bills

Actions

S. 3587 has taken 2 actions since Jan 7, 2026.

ChamberAction
Jan 7, 2026
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Jan 7, 2026
—
Introduced in Senate

Votes

S. 3587 has not gone to a roll call.

Titles

S. 3587 goes by 3 titles, 1 of them short titles.

  • No Tax on Wrongful Delay Act of 2026 — Display Title
  • No Tax on Wrongful Delay Act of 2026 — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to provide an exemption from gross income for interest paid to taxpayers by the Internal Revenue Service following an audit or litigation in which the taxpayer prevailed. — Official Title as Introduced

Classification

The Congressional Research Service files S. 3587 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3587’s is Taxation.

s3587/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com