License taxes; interest rate for certain refunds. (SB255)

Introduced By

Sen. Roz Dance (D-Petersburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Amends § 58.1-3916, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2018Prefiled and ordered printed; offered 01/10/18 18103473D
01/05/2018Referred to Committee on Finance
01/13/2018Impact statement from TAX (SB255)
01/23/2018Continued to 2019 in Finance (16-Y 0-N) (see vote tally)
11/30/2018Left in Finance

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