SB 67
Modifies provisions relating to tax credits
Sponsor:
LR Number:
1327S.01I
Committee:
Last Action:
12/1/2024 - Prefiled
Journal Page:
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 67 - This act provides that a taxpayer shall not be liable for penalties or interest on an income tax balance due if such taxpayer is denied part or all of a tax credit to which the taxpayer has qualified pursuant to any provision of law due to lack of available funds, and such denial causes a balance-due notice to be generated by the Department of Revenue or any other redeeming agency. Such taxpayer shall pay the balance due within sixty days or be subject to penalties and interest pursuant to current law.

JOSH NORBERG

Amendments

No Amendments Found.