Senate committee substitute makes the following changes to the 1st edition.
Amends proposed GS 105-321(g) to allow the governing body of a taxing unit collecting its own taxes to prohibit mailing a refund for an overpayment of tax if the refund is less than $15 (was, if the refund does not exceed an amount, up to $15, set by the governing body). Specifies that a taxpayer must make an in-person request for the minimal refund before the end of the fiscal year in which the refund is due, otherwise the refund will be applied as a credit against the tax liability for the next year. Adds that interest accrues from the later of the date the tax was paid and the date the tax would have been considered delinquent.
DISPOSITION OF MINIMAL PROPERTY TAX REFUNDS.
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View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO PROVIDE OPTIONS FOR THE DISPOSITION OF MINIMAL PROPERTY TAX REFUNDS.Intro. by Tarte.
Bill History:
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Thu, 26 Mar 2015 Senate: Filed(link is external)
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Mon, 30 Mar 2015 Senate: Passed 1st Reading(link is external)
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Mon, 6 Apr 2015 Senate: Withdrawn From Com(link is external)
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Tue, 21 Apr 2015 Senate: Reptd Fav Com Substitute(link is external)
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Tue, 21 Apr 2015 Senate: Com Substitute Adopted(link is external)
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Tue, 21 Apr 2015 Senate: Re-ref Com On State and Local Government(link is external)
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Tue, 28 Apr 2015 Senate: Reptd Fav(link is external)
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Wed, 29 Apr 2015 Senate: Passed 2nd Reading(link is external)
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Thu, 30 Apr 2015 Senate: Passed 3rd Reading(link is external)
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Thu, 30 Apr 2015 Senate: Special Message Sent To House(link is external)
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Thu, 30 Apr 2015 House: Special Message Received From Senate(link is external)
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Thu, 30 Apr 2015 House: Passed 1st Reading(link is external)
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Thu, 16 Jul 2015 House: Withdrawn From Com(link is external)
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Thu, 16 Jul 2015 House: Re-ref Com On Judiciary IV(link is external)
Bill Summaries:
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Bill S 566 (2015-2016)Summary date: Apr 21 2015 - View Summary
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Bill S 566 (2015-2016)Summary date: Mar 27 2015 - View Summary
Adds a new subsection to GS 105-321, which provides that the governing body of a taxing unit that collects its own taxes may pass a resolution to direct the taxing unit not to mail a refund for a tax overpayment if the overpayment does not exceed $15. Provides that a resolution adopted under this subsection must be adopted on or before June 15 preceding the first taxable year to which it applies and remains in effect until amended or repealed by resolution of the taxing unit. Provides additional specifications as to interest rate on the overpayment, a taxpayer's right to collect the overpayment in person, the responsibilities of the taxing unit to keep records and applying the overpayment as a credit against the taxpayer's tax liability for taxes due to the taxing unit for the next tax year.