Tax deficiencies, interest
TAXES – Amends existing law to revise provisions regarding the accrual of interest on income and sales tax deficiencies.

RS31059 / H0445

This legislation would limit the time frame during which interest accrues where a tax deficiency is found by excluding interest during two periods of time: 1) The period of time after the state tax commission sends written notice that an audit is being initiated, but before the issuance of a notice of deficiency determination, and 2) The period of time after a notice of deficiency determination, which is subject to a perfected protest and before the final determination of the deficiency by the state tax commission following the state tax commission’s disposition of the protest.

This legislation would result in a reduction of interest collected by the state tax commission in an amount of approximately $1.1 million per year.

Bill Events
Date Description
01/30 Introduced, read first time, referred to JRA for Printing
01/31 Reported Printed and Referred to Revenue & Taxation
02/06 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
02/07 Read second time; Filed for Third Reading
02/08 U.C. to hold place on third reading calendar one legislative day
02/09 U.C. to hold place on third reading calendar until Monday, February 12, 2024
02/12 Read Third Time in Full – PASSED - 68-0-2
AYES – Alfieri, Allgood, Andrus, Barbieri, Berch, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(13), Dixon(1), Dixon(24), Durrant, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash(Stinson), Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker
NAYS – None
Absent – Crane(12), Ehardt
Floor Sponsor - Cannon
Title apvd - to Senate
02/13 Received from the House passed; filed for first reading
02/13 Introduced, read first time; referred to: Local Government & Taxation
02/15 Reported out of Committee with Do Pass Recommendation; Filed for second reading
02/16 Read second time; filed for Third Reading
03/05 Retained on calendar
03/06 Retained on calendar
03/07 Retained on calendar
03/12 Read third time in full – PASSED - 35-0-0
AYES – Adams, Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews(Toews), Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – None
Floor Sponsor - Adams
Title apvd - to House
03/13 Returned from Senate Passed; to JRA for Enrolling
03/13 Reported Enrolled; Signed by Speaker; Transmitted to Senate
03/14 Received from the House enrolled/signed by Speaker
03/14 Signed by President; returned to House
03/14 Returned Signed by the President; Ordered Transmitted to Governor
03/15 Delivered to Governor at 2:30 p.m. on March 14, 2024
03/21 Reported Signed by Governor on March 20, 2024
Session Law Chapter 116
Effective: Retroactive to 01/01/2024