HOUSE BILL 428

File Code: Income

Sponsored By:

Delegates Mitchell and Hutchins

Entitled:

Unpaid Taxes - Interest Rate

Synopsis:

Reducing from 13% to 12% the minimum annual interest rate that the Comptroller shall set for taxes owed to the State; and reducing the calculation of the interest rate from 3 to 2 percentage points above the prime rate.

History by Legislative Date

House Action

2/10

First Reading Ways and Means

2/24

Hearing 3/17 at 1:00 p.m.

3/22

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Van T. Mitchell, District 28

Delegate Thomas E. Hutchins, District 28

Bill indexed under the following Subjects:

COMPTROLLER

INTEREST

REVENUE AND TAXES -see also specific taxes-

Bill affects the following Statute:

Tax - General

( 13-604 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered