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, 2025.
MODIFY INSUFFICIENT FUNDS TAX PAYMENT FEE.
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO MODIFY TO THIRTY-FIVE DOLLARS THE PENALTY FOR A TAX PAYMENT THAT IS RETURNED FOR INSUFFICIENT FUNDS OR NONEXISTENCE OF AN ACCOUNT.Intro. by Mayfield, Moffitt, Daniel.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 17 2025)
Bill History:
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Thu, 13 Feb 2025 Senate: Filed(link is external)
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Mon, 17 Feb 2025 Senate: Passed 1st Reading(link is external)
S 96
Bill Summaries:
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Bill S 96 (2025-2026)Summary date: Feb 13 2025 - View Summary
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