USC Title 11, Bankruptcy Code, Chapter 5 – Creditors, The Debtor and the Estate Section 511 Rate of Interest on Tax Claims
(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.
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By
Ryan
C. Wood