Amends GS 105-357 to set the penalty for presenting payment of taxes by a check or funds transfer that is returned or not completed due to insufficient funds or nonexistence of an account of the drawer or transferor at $35, replacing the existing penalty amount that is the greater of $25 or 10% of the amount of the check or invoice and capped at $1,000. Applies to checks or electronic funds transfers presented for payment of taxes on or after July 1, 2023.
INSUFFICIENT FUND TAX PAYMENT FEE MOD.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO CREATE A THIRTY-FIVE DOLLAR PENALTY FOR A TAX PAYMENT THAT IS RETURNED FOR INSUFFICIENT FUNDS OR NONEXISTENCE OF AN ACCOUNT.Intro. by Mayfield, Daniel.
Status: Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Apr 20 2023)
Bill History:
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Wed, 15 Mar 2023 Senate: Filed
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Thu, 16 Mar 2023 Senate: Passed 1st Reading
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Thu, 16 Mar 2023 Senate: Ref To Com On Rules and Operations of the Senate
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Thu, 20 Apr 2023 Senate: Withdrawn From Com
S 314
Bill Summaries:
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Bill S 314 (2023-2024)Summary date: Mar 15 2023 - View Summary
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