SENATE BILL 745

File Code: Taxes - Miscellaneous

Sponsored By:

Senator Kasemeyer

Entitled:

Interest Rate on Tax Deficiencies and Refunds

Synopsis:

Altering the calculation of the interest rate on tax deficiencies and refunds to 2 percentage points above a specified underpayment rate established under the Internal Revenue Code; providing that the interest rate may not be less than specified rates for 2010, 2011, 2012, and 2013; repealing a requirement that the Comptroller annually set the interest rate; etc.

History by Legislative and Calendar Date

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

Senate Action

2/6

First Reading Budget and Taxation

3/4

Hearing 3/18 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Comptroller

Interest

Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Bill affects the following Statute:

Tax - General

( 13-604 )

Documents:

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

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

Amendments: None offered