HOUSE BILL 218

File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 745/09 - B&T

Sponsored By:

Delegate Cardin

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 2012, 2013, 2014, and 2015; 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.

House Action

1/28

First Reading Ways and Means

2/2

Hearing 2/16 at 1:00 p.m.

Senate 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

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered