Insufficient Funds for Taxes Penalty Modification.

Summary

The bill lowers the penalty for insufficient‑funds tax payments, adds a reduced fee for first‑time offenses, and caps the maximum at $1,000. It applies to anyone who pays North Carolina taxes by check or electronic transfer and the tax collectors who process those payments. The change is meant to align penalties with actual administrative costs and provide $15,000 for public outreach.

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