Directs the Secretary of Revenue to waive all penalties for unpaid sales taxes as if the Secretary extended the time for filing a return for good cause under Article 5, GS Chapter 105 and had granted additional time within which to file the return and pay the tax due. Restricts the waiver to qualified businesses, defined to mean a business that failed to timely pay sales taxes due between February 1, 2020, and April 1, 2021, certifies that the taxes were not timely paid as a direct result of economic hardship resulting from a governmental response, as defined, to the COVID-19 pandemic, and paid the overdue tax debt in full by May 1, 2021. Directs the Department of Revenue to make an application available for qualifying businesses to seek the described relief which includes any required documentation. Requires qualifying businesses to apply for relief under the act by July 1, 2021.
Bill S 469 (2021-2022)Summary date: Apr 1 2021 - View summary