Bill Summary for H 797 (2021-2022)
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Summary date:
Feb 17 2022
Bill Information:
| View NCGA Bill Details | 2021 |
AN ACT TO EXTEND THE MARCH 1 TAX FILING DEADLINE FOR FARMERS AND FISHERMEN IN ORDER TO ALLOW THEM TO QUALIFY FOR THE EXCEPTION THAT PERMITS THEM TO AVOID MAKING ESTIMATED TAX PAYMENTS THROUGHOUT THE TAXABLE YEAR WITHOUT THE IMPOSITION OF INTEREST.Intro. by Stevens, D. Hall, Willis.
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Bill summary
Conference report replaces the content of the 3rd edition to now provide the following.
Allows for qualifying farmers and fishermen who have filed a tax return for 2021 on or before April 15, 2022, to pay the amount on the return in full without interest on any underpayment of the required installment for the 2021 tax year under GS 105-163.15(a), notwithstanding the statutory deadline of March 1 under GS 105-163.15(i)(2). Makes conforming changes to the act's titles.