CLARIFY REFUNDS OF TAX OVERPAYMENTS.

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View NCGA Bill Details2011-2012 Session
Senate Bill 97 (Public) Filed Monday, February 21, 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 Rucho, Hartsell, Daniel.
Status: Ch. SL 2011-4 (Senate Action) (Mar 9 2011)

Bill History:

S 97/S.L. 2011-4

Bill Summaries:

  • Bill S 97/SL 2011-4 (2011-2012)
    Summary date: Mar 9 2011 - View Summary

    AN ACT 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. Summarized in Daily Bulletin 2/21/11. Enacted March 9, 2011. Effective March 9, 2011.

    Department of Revenue, Tax
  • Bill S 97 (2011-2012)
    Summary date: Feb 21 2011 - View Summary

    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.

    Department of Revenue, Tax
    GS 105
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