AN ACT CONCERNING THE ACCRUAL OF INTEREST ON CERTAIN TAX UNDERPAYMENTS AND THE BUSINESS OPERATING LOSS CARRY-OVER PERIOD.
To (1) provide that an aggrieved taxpayer may, under certain circumstances, file a written request that the Commissioner of Revenue Services issue an order, decision, determination or disallowance, (2) require that interest not accrue on tax underpayments resulting from certain amended returns related to the employee retention credit program, and (3) allow business operating losses incurred in income years commencing on or after January 1, 2025, to be deductible over thirty income years.
Introduced by:
Finance, Revenue and Bonding Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| File No. 576 [doc] | |
| FIN Joint Favorable Substitute [doc] | |
| Raised Bill [doc] |
| Committee Actions | |
| FIN Joint Fav. Rpt | |
| FIN Vote Tally Sheet (Joint Favorable Substitute) |
| Fiscal Notes | |
| Fiscal Note For File Copy 576 |
| Bill Analyses | |
| Bill Analysis For File Copy 576 |
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 4/22/2024 | (LCO) | File Number 576 | |
| 4/22/2024 | Senate Calendar Number 353 | ||
| 4/22/2024 | Favorable Report, Tabled for the Calendar, Senate | ||
| 4/22/2024 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 4/15/2024 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 04/22/24 12:00 PM | |
| 4/4/2024 | (LCO) | Filed with Legislative Commissioners' Office | |
| 4/3/2024 | (FIN) | Joint Favorable Substitute | |
| 3/15/2024 | Public Hearing 03/20 | ||
| 3/14/2024 | Referred to Joint Committee on Finance, Revenue and Bonding |
Co-sponsors of SB-443
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