Bill Status of SB2260 102nd General Assembly
Short Description: UPIA-FAILURE TO FILE
Sen. Craig Wilcox
| 1/10/2023||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Uniform Penalty and Interest Act. Provides that the penalty for failure to pay the tax shown due or required to be shown due on a return shall be 15% (instead of 20%) of any amount that is paid after the date the Department of Revenue has initiated an audit or investigation of the taxpayer. Provides that the penalty shall be abated if the taxpayer paid to the Department at least 95% of the total tax liability (including any additional liability resulting from the audit or investigation) prior to the initiation of the audit or investigation. Effective January 1, 2022.
|Date||Chamber|| Action|| 2/26/2021||Senate||Filed with Secretary by Sen. Craig Wilcox|| 2/26/2021||Senate||First Reading|| 2/26/2021||Senate||Referred to Assignments|| 3/23/2021||Senate||Assigned to Revenue|| 4/16/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|| 1/10/2023||Senate||Session Sine Die|