TAX CHANGES

Summary

The bill creates several new state treasury suspense funds and allows attorney and collection fees to be paid from those funds. It also clarifies that taxpayers on installment agreements are not considered delinquent for license renewals, removes a $5 minimum civil penalty for certain withholding taxes, and updates rules on extensions, rounding and other specific tax credits. These changes affect taxpayers, the Taxation and Revenue Department, and entities that rely on state tax incentives.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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