HOUSE BILL 1362

File Code: Taxes - Miscellaneous

Sponsored By:

Delegate Schuh

Entitled:

Interest Rate on Tax Deficiencies and Refunds

Synopsis:

Altering the calculation of the monthly interest rate on tax deficiencies and refunds to one-twelfth of an annual interest rate equal to 3 percentage points above the average prime rate of interest quoted by commercial banks to large businesses during the State's previous fiscal year; providing that the interest rate may not be less than a specified rate for specified calendar years; repealing a requirement that the Comptroller annually set the interest rate; etc.

History by Legislative and Calendar Date

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House Action

2/21

First Reading House Rules and Executive Nominations

3/5

Re-referred Ways and Means

3/6

Hearing 3/20 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