Relating to: interest rates on late, nondelinquent taxes and on overpayments. (FE)

Summary

The bill amends dozens of tax code sections to specify that interest on unpaid taxes during filing extensions is 12% per year, and that the Department of Revenue must pay 3% per year on any tax overpayment. It applies to individuals, corporations, and pass‑through entities that file state returns, especially when they request extensions or make estimated payments. The changes aim to standardize interest calculations and protect taxpayers who overpay.

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