HOUSE BILL 445
Law
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.
| 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 |