Income tax, state; late payment penalty. (HB901)

Introduced By

Del. John Avoli (R-Staunton) with support from co-patron Del. Chris Runion (R-Bridgewater)

Description

Individual income tax; late payment penalty. Provides that the Department of Taxation shall not assess a late payment penalty to the entire tax or to any unpaid balance of the income tax owed by an individual unless and until the taxpayer fails to file his return by the time fixed by law for filing a return or by the time prescribed pursuant to a filing extension, as applicable. Under current law, the late payment penalty is assessed at the time a return is received by the Department if payment is not made in full when due. Read the Bill »

Status

01/27/2022: Awaiting a Vote in the Finance Committee

History