HB 1094 Prohibits certain interest and penalties on certain late income tax payments

     Handler: Hoskins

Current Bill Summary

- Prepared by Senate Research -

HCS/HB 1094 - This act provides that no taxpayer who timely files his or her individual income tax return for the 2018 tax year shall be assessed any penalty for a delayed payment or underpayment on such tax liability prior to December 31, 2019, provided that such taxpayer participates in good faith in a payment plan authorized by the Department of Revenue. However, such taxpayer may be assessed interest on such liability provided that no interest shall be assessed prior to May 15, 2019.

This act shall sunset on December 31, 2019.

This act contains an emergency clause.

This act is identical to a provision contained in HCS/SB 87 (2019), is substantially similar to HB 963 (2019), and is similar to SB 299 (2019), SB 510 (2019), and HB 378 (2019).

JOSHUA NORBERG

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