Interest charge
(A) In general
(A)In general#
If paragraph (1) applies to any non-RIC year of an investment company, such investment company shall pay interest at the underpayment rate established under section 6621—
(i) on an amount equal to 50 percent of the amount referred to in paragraph (2)(A)(i),
(ii) for the period— (I) which begins on the last day prescribed for payment of the tax imposed for the non-RIC year (determined without regard to extensions), and (II) which ends on the date the determination is made.
(A)(i)#
on an amount equal to 50 percent of the amount referred to in paragraph (2)(A)(i),
(A)(ii)#
for the period—
(I) which begins on the last day prescribed for payment of the tax imposed for the non-RIC year (determined without regard to extensions), and
(II) which ends on the date the determination is made.
(A)(ii)(I)#
which begins on the last day prescribed for payment of the tax imposed for the non-RIC year (determined without regard to extensions), and
(B)Coordination with subtitle F#
Any interest payable under subparagraph (A) may be assessed and collected at any time during the period during which any tax imposed for the taxable year in which the determination is made may be assessed and collected.