MODIFY INSUFFICIENT FUNDS TAX PAYMENT FEE.

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View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 96 (Public) Filed Thursday, February 13, 2025
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)
S 96

Bill Summaries:

  • Summary date: Feb 13 2025 - View Summary

    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.