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2016 Regular Session



Tax Procedure - Assessments, Penalties, and Interest Rate on Tax Deficiencies and Refunds

Sponsored by:

Delegate Rosenberg


In the House - Unfavorable Report by Ways and Means; Withdrawn

Synopsis:Altering the contents of the report of federal adjustment a person shall submit to a tax collector under specified circumstances; altering the calculation of the interest rate on tax deficiencies and refunds to provide that the rate is one-twelfth of the underpayment rate then in effect under § 6621 of the Internal Revenue Code; requiring the Comptroller to assess, in addition to specified penalties, a penalty against a person subject to a penalty under § 6662 of the Internal Revenue Code; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Rosenberg
Additional Facts:Bill File Type: Regular
Effective Date(s): January 1, 2017
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Miscellaneous
Narrow Subject(s):Assessments
Interstate Affairs
Penalties and Sentences -see also- Death Penalty
Transfer Tax
Statutes:Article - Tax - General
(13-409, 13-604, 13-718)

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October 24, 2017 5:02 P.M.