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HB 0811 - Interest on Tax Payments and Refunds
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Tracking Level: Neutral
Sponsor: Brett Harrell
Last Action: 1/29/2020 - House Second Readers
House Committee: Ways and Means
Assigned To:
Larry RamseyNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

Under existing law, taxes owed to the state or local governments bears interest at a rate equal to the prime bank rate plus 3%. Similarly, taxes that are overpaid bear interest at the prime rate plus 3% until repaid to the taxpayer. This bill would change the interest rate in both circumstances to the prime rate.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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