CLARIFY REFUNDS OF TAX OVERPAYMENTS.

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View NCGA Bill Details2011-2012 Session
House Bill 182 (Public) Filed Thursday, February 24, 2011
TO CLARIFY WHEN THE DEPARTMENT OF REVENUE IS REQUIRED TO INITIATE A REFUND OF AN OVERPAYMENT OF TAX AND TO AUTHORIZE THE ISSUANCE OF REFUNDS OF OVERPAYMENTS THAT HAVE BEEN IDENTIFIED BY THE DEPARTMENT CONSISTENT WITH THIS CLARIFICATION.
Intro. by Starnes, Howard.

Status: Ref To Com On Finance (House Action) (Feb 28 2011)

Bill History:

H 182

Bill Summaries:

  • Summary date: Feb 24 2011 - View Summary

           Identical to S 97, filed 2/21/11.

    Amends GS 105-241.7 to require the Department of Revenue (Department) to refund an overpayment by a taxpayer if the Department discovers the overpayment before the statute of limitations for obtaining a refund expires. Specifies that discovery occurs under any of the following circumstances: (1) the automated processing of a tax return indicates that the return requires additional review, (2) a review of the return by a Department employee indicates an overpayment by the taxpayer, and (3) an audit of the return by a Department employee indicates an overpayment by the taxpayer. Includes General Assembly findings concerning the application of the statute of limitations.