Revenue and taxation; claims for refund; time limitation; effective date.
Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee
Summary
The bill revises how long taxpayers have to claim refunds of overpaid state taxes, setting a three‑year limit from the return due date or a two‑year limit from payment, whichever is later. It creates exceptions for members of federally recognized Indian tribes and the United States to claim refunds for taxes collected on tax‑exempt Indian lands, with interest paid on those refunds. It also allows the Tax Commission to use direct‑deposit refunds and to extend filing periods when a consent agreement is in place.
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