HB 568/FN (BR 1721) - D. Pasley, H. Moberly Jr.
AN ACT relating to interest.
Amend KRS 131.183, 141.045, and 141.235 to clarify that interest begins to accrue the latest of the due date of the return, the date the return was filed, the date the tax was paid, the last day prescribed by law for filing the return, or the date an amended return claiming a refund is filed; apply to refunds issued after the effective date of this Act.
HB 568 - AMENDMENTS
HCS/FN - Retain original provisions, except amend KRS 134.580 to clarify the definition of "overpayment" and amend the language to clarify that the Act applies retroactively to all outstanding refund claims for taxable years ending prior to the effective date of the Act.
Feb 19-introduced in House
Feb 21-to Appropriations & Revenue (H)
Feb 25-posting waived
Feb 26-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 27-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 28, 2008
Mar 5-3rd reading, passed 60-37 with Committee Substitute
Mar 6-received in Senate
Mar 10-to Appropriations & Revenue (S)