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SB255

License taxes; interest rate for certain refunds.

Status:
In Senate

Chief Patron:
Rosalyn Dance (D)

Session:
2018 Regular Session

Summary

As Introduced. License taxes; interest rate for certain refunds.

Authorizes a locality to establish the interest rate for a tax refund due to a taxpayer's overstatement of gross receipts for purposes of determining the amount due for a business license tax at a rate lower than that required for interest on delinquent taxes. Current law requires that the interest rate for a refund of any local tax be at the same rate as set for interest on delinquent taxes. (Less)

  • Bill History

  • 01/05/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18103473D
  • 01/05/2018 - Senate: Referred to Committee on Finance
  • 01/13/2018 - Senate: Impact statement from TAX (SB255)
  • 01/23/2018 - Senate: Continued to 2019 in Finance (16-Y 0-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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