SENATE BILL 94

File Code: Taxes - Sales and Use

Sponsored By:

Chair, Budget and Taxation Committee (By Request - Departmental - Comptroller)

Entitled:

Sales and Use Tax - Gross Negligence Penalty for Underpayment

Synopsis:

Requiring the Comptroller to assess a 25% penalty for the underpayment of 25% or more of the sales and use tax due, if the underpayment of 25% or more is due to gross negligence; and providing that an underpayment of 25% or more of the sales and use tax due is prima facie evidence of gross negligence.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

Senate Action

9/30

Pre-filed

1/14

First Reading Budget and Taxation

Hearing 1/28 at 1:00 p.m.

House Action

No Action

Sponsored by:

Budget and Taxation Committee, Chair

Departmental

Comptroller

Bill indexed under the following Subjects:

Negligence -see also- Medical Malpractice

Penalties

Sales and Use Tax

Bill affects the following Statute:

Tax - General

( 13-703.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered