Joe McNamara
- Republican
- Delegate
- District 40
Primary
Taxation; rate of interest. Provides that(i) the rate of interest on omitted taxes and assessments is equalto the Underpayment Rate established by the Internal Revenue Codeand (ii) the rate of interest on refunds is equal to the OverpaymentRate for noncorporate taxpayers established by the Internal RevenueCode. Current law provides that (a) the rate of interest on omittedtaxes and assessments is equal to the Underpayment Rate plus twopercent and (b) the rate of interest on refunds is equal to the OverpaymentRate for noncorporate taxpayers plus two percent.
Left in Finance
Assigned Finance sub: Subcommittee #1
Impact statement from TAX (HB89)
Prefiled and ordered printed; offered 01/10/24 24101578D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24101578D | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB89F161.PDF |
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