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2018 Regular Session



Interest Rate on Tax Deficiencies and Refunds

Sponsored by:

Senator Serafini


In the House - Hearing 3/21 at 1:00 p.m.

Synopsis:Altering the calculation of the annual interest rate that the Comptroller sets for tax deficiencies and refunds to be 3 percentage points above the average prime rate of interest quoted by commercial banks to large businesses during the State's previous fiscal year; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Serafini
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Miscellaneous
Narrow Subject(s):Comptroller
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Tax - General

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March 22, 2018 9:07 A.M.