Reports of refunds and credits

No refund or credit of any income, war profits, excess profits, estate, or gift tax, or any tax imposed with respect to public charities, private foundations, operators’ trust funds, pension plans, or real estate investment trusts under chapter 41, 42, 43, or 44, in excess of $2,000,000 ($5,000,000 in the case of a C corporation) shall be made until after the expiration of 30 days from the date upon which a report giving the name of the person to whom the refund or credit is to be made, the amount of such refund or credit, and a summary of the facts and the decision of the Secretary, is submitted to the Joint Committee on Taxation.

( Aug. 16, 1954, ch. 736 , 68A Stat. 792 ; Pub. L. 92–418, § 2(b) , Aug. 29, 1972 , 86 Stat. 657 ; Pub. L. 92–512, title II, § 203(a) , Oct. 20, 1972 , 86 Stat. 944 ; Pub. L. 94–455, title XII, § 1210(a) , (b), title XIX, § 1906(b)(13)(A), Oct. 4, 1976 , 90 Stat. 1711 , 1834; Pub. L. 95–227, § 4(d)(3) , Feb. 10, 1978 , 92 Stat. 23 ; Pub. L. 98–369, div. A, title VII, § 711(c)(3) , July 18, 1984 , 98 Stat. 946 ; Pub. L. 99–514, title XVIII, § 1879(e) , Oct. 22, 1986 , 100 Stat. 2906 ; Pub. L. 101–508, title XI , §§ 11801(c)(21)(A), 11834(a), Nov. 5, 1990 , 104 Stat. 1388–528 , 1388–560; Pub. L. 106–554, § 1(a)(7) [title III, § 305(a)] , Dec. 21, 2000 , 114 Stat. 2763 , 2763A–634; Pub. L. 113–295, div. A, title III, § 301(a) , Dec. 19, 2014 , 128 Stat. 4055 .)