VA HB89 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 28 2023 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on December 28 2023 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Taxation; rate of interest. Provides that (i) the rate of interest on omitted taxes and assessments is equal to the Underpayment Rate established by the Internal Revenue Code and (ii) the rate of interest on refunds is equal to the Overpayment Rate for noncorporate taxpayers established by the Internal Revenue Code. Current law provides that (a) the rate of interest on omitted taxes and assessments is equal to the Underpayment Rate plus two percent and (b) the rate of interest on refunds is equal to the Overpayment Rate for noncorporate taxpayers plus two percent.
Title
Taxation; rate of interest.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-13 | House | Left in Finance |
2024-02-02 | House | Assigned Finance sub: Subcommittee #1 |
2023-12-28 | House | Referred to Committee on Finance |
2023-12-28 | House | Prefiled and ordered printed; offered 01/10/24 24101578D |