applicable percentage

(1) Applicable percentage (A) In general Except as provided in subparagraph (B), the term “applicable percentage” means— (i) 2 percent if the failure is for not more than 5 days, (ii) 5 percent if the failure is for more than 5 days but not more than 15 days, and (iii) 10 percent if the failure is for more than 15 days. (B) Special rule In any case where the tax is not deposited on or before the earlier of— (i) the day 10 days after the date of the first delinquency notice to the taxpayer under section 6303, or (ii) the day on which notice and demand for immediate payment is given under section 6861 or 6862 or the last sentence of section 6331(a), the applicable percentage shall be 15 percent.

Source

26 USC § 6656(b)(1)

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Scoping language

None identified, default scope is assumed to be the parent (part I) of this section.

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